How the Fed acted then stuck in the craw of many conservatives, in particular, for years after the crisis ended. But for the moment, neither Fed policymakers nor politicians seem too concerned with separating the deserving from the less so. As the financial crisis gained steam, Fed officials were very concerned that their lending programmes could reward or could be perceived as rewarding bad behaviour. Indeed that was one reason Fed policymakers cited for allowing Lehman Brothers to fail rather than ride to its rescue. Raising the alarm weren't just inflation hawks like Kansas City Fed President Thomas Hoenig and Philadelphia Fed President Charles Plosser, but centrist Atlanta Fed President Dennis Lockhart as well.

Source: bd News24 April 13, 2020 04:18 UTC