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For the first time in US history the Federal Reserve is buying municipal bonds from State Governments. This is a temporary fix to keep states solvent, prevent budget cuts, and avoid tax hikes during the economic downturn. Here’s exactly what’s happening.
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Federal Reserve Chair Jerome Powell is restarting a great depression era program where the Federal Reserve buys bank’s loans to medium sized companies. This program is similar to their bond buying program, but considered to be riskier by analysts. Here’s what’s happening.
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