A top official at the Federal Reserve Bank of New York said Tuesday that modest corporate bond purchases by the Federal Reserve have helped the U.S. financial system spring back to life, benefited the economy and haven’t caused any notable signs of excessive risk taking in markets.
Given the risks faced in the spring, the $13 billion in corporate bond purchases by the Federal Reserve so far “have provided enormous benefits to the country,” Daleep Singh, who leads the New York Fed’s powerful markets group, said in a speech…
