Derby’s Take: Heat Over Fed Corporate Bond Buying Is No Surprise – Wall Street Journal

Criticism the Federal Reserve is facing over its purchases of corporate bonds issued by energy firms was pretty much inevitable.

Over recent weeks, a number of activist groups, as well as a former Fed official and Obama-era Treasury official, have called on the central bank to stop buying bonds issued by energy firms. They say Fed support of the energy sector increases financial instability and climate change risks so the central bank should avoid these purchases.

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