Fed’s ETF Buying Shows It’s The “Buyer of First and Last Resort”
September 22, 2020 at 13:50 PM EDT
During the pandemic sell-offs in March, the Federal Reserve stepped in to shore up the bond markets by purchasing ETFs, but not many versed in the ETF game could predict that the total purchases would reach $8.7 billion by end of August. It substantiates the Fed’s role as a “buyer of...