Wall Street observers issue red flags

https://wallstreetonparade.com/2020/04/fed-chair-powell-tells-whoppers-this-morning-on-the-brookings-institution-webcast/

 

Wall Street observers question:

• Fed buying junk bonds or bonds that have become junk
• Fed Chairman Powell glossing over taxpayer-backing for expected losses
• Powell hiding liquidity crisis that it was already acting upon before COVID-19 hit U.S.

 

Charlie Cooper