@NorthmanTrader @byHeatherLong @TimDuy @GeorgeSelgin @jc_econ @Claudia_Sahm @DavidBeckworth @sam_a_bell @WSpriggs @drlisadcook @DianeSwonk @PeterContiBrown @Michael_K_Farr @ernietedeschi @RudyHavenstein The Fed is not buying just $AAPL bonds — its buying across the board (and in small quantities) to preserve market functioning, maintain employers’ access to funds, and thus reduce the odds of even larger and permanent job losses. We shouldn’t lose sight of that latter main goal.