Interesting back and forth where Rashida Tlaib asks Powell that if the Fed can backstop the financial sector in a credit crisis and recession, why can't it do the same for public entities like states, cities and municipalities when they are in crisis?

Interesting back and forth where @RashidaTlaib asks Powell that if the Fed can backstop the financial sector in a credit crisis and recession, why can't it do the same for public entities like states, cities and municipalities when they are in crisis? pic.twitter.com/t8s2slm1Uq

— Mike Konczal (@rortybomb) July 10, 2019