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Legally I would guess the Fed could probably do something like this, at least indirectly. The restrictions on what they do are intentionally pretty limited. Th
by nknight 15y ago
Legally I would guess the Fed could probably do something like this, at least indirectly. The restrictions on what they do are intentionally pretty limited.
The problem is the political fallout. Far-right will scream about socialism, far-left (and I'm one of them) will at least be concerned about the potential for abuse by corporations, and pretty much everyone will be asking why we should trust the Fed to do this right when they've done a lot in recent memory to erode any trust they had.
This is potentially a great job to give a central bank, but maybe not for the current US central bank.