Federal Reserve taps BlackRock to manage bond purchases

Financial Times – In a story about the US Federal Reserve tapping a division of Blackrock to aid with fixed income purchases, Healthy Markets Executive Director Tyler Gellasch is quoted saying “This is the Fed tapping Goliath for help. BlackRock is so large that its investment decisions impact the markets like a federal agency. We hope this will help stabilise the market, but it will almost certainly benefit BlackRock.” (Full Story).

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