And, indeed, under the Monetary Control Act of 1980, the Fed now has unlimited power to buy any asset it wishes and up to any amount–whether it be corporate stocks, bonds, or foreign currency.
The Mystery of Banking by Murray N. Rothbard (pg. 157)
And, indeed, under the Monetary Control Act of 1980, the Fed now has unlimited power to buy any asset it wishes and up to any amount–whether it be corporate stocks, bonds, or foreign currency.