"They do not allocate credit, the central bankers will say — that’s for markets to decide. But the Fed is

"They do not allocate credit, the central bankers will say — that’s for markets to decide. But the Fed is already allocating credit, whether it wants to or not.” @bhgreeley in fine form!
ft.com/content/8ed6a9… https://t.co/0HlpDmeFBI

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