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Monday, 11/02/2020 3:34:48 AM

Monday, November 02, 2020 3:34:48 AM

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Blackrock now the Fed’s pet project to buy stocks to lift the stock market as an on need basis.


(Source: Federal Reserve's website)

You can see that according to the Exhibit B, this is the power of attorney language for BlackRock to “manage, supervise, and direct the investments” for the Fed’s account. Clearly, the language in Exhibit B says, “transact in any and all stocks, bonds, cash held for investment and other assets.”
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