[quote=The-Shoveler]I really don’t think the fed looks at assets
or if they do it is only in relation to pensions and local municipal coffers.
IMO anyway.[/quote]
The Fed works for the banks/financial sector and the financial elite. They are far less interested in Joe Sixpack, the govt worker, and his pension than they are about the well-being of the banking sector. While the two are certainly interrelated (the whole economy is interrelated), they don’t give a damn about govt workers and their pensions.
