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Tag Archives: state government budget 2020

The Federal Reserve Bails Out State Budgets 2020, Explained


June 5, 2020Uncategorizedbuying municipal bonds, federal reserve and monetary policy, federal reserve balance sheet, federal reserve buying bonds, federal reserve chair jerome powell, federal reserve chairman, federal reserve news, municipal bond market, municipal bonds 2020, state budget 2020, state budget cuts, state budget freezes, state government budget 2020Stephen Mackey

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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.

https://media.blubrry.com/thatsall/p/content.blubrry.com/thatsall/Fed_State_Bonds.mp3

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