Fed could bolster groups of businesses and localities with funds in G.O.P. bill

Peter Conti-Brown of the Wharton School said the Federal Reserve should avoid helping specific industries with emergency funding. The banking system has a “convenient set of easy tools that allow policymakers and politicians to skip the burden of their own accountability,” said Conti-Brown. “It’s the kind of set the Fed does not want to make today—which is to pick winners and losers.”

・ From The New York Times