The Fed rate has already been cut most likely. The Fed’s MBS holdings have grown from the planned $500 billion to $2.3 trillion as of last Week...
Bailouts and Oversight: The New York Fed has provided bailout funds to JPMorgan Chase and other banks 'undisclosed' to the public.. it has been responsible for supervising the bank, which has a history of significant financial misconduct, including a $6.2 billion loss tied to derivatives
the New York Fed has exclusively used JPMorgan Chase to hold, as custodian, more than $2.3 trillion of the Federal Reserve’s Mortgage-Backed Securities (MBS) for the past 15 years– despite JPMorgan Chase admitting to five felony counts by the criminal division of the U.S. Department of Justice during the past ten years
Artificial market distortion: By intervening in the bond market, the Federal Reserve distorts natural price discovery mechanisms. This can lead to misallocation of resources and the creation of asset bubbles, as investors are encouraged to take on more risk in search of yield.
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