# Professor Nouriel Roubini's comments on the Fed's willingness to purchase corporate bonds are referenced

1 Faculty News April 20, 2020 ![CCN-logo_190x145](/sites/default/files/styles/246w/public/assets/images/CCN-logo_190x145.png?itok=7ekdslQb)>

Excerpt from [CCN](https://www.ccn.com/moodys-warning-eerily-reminiscent-of-the-2008-great-recession/) -- "BBB-rated corporate bonds, which make up a majority of the investment-grade corporate universe, are also a major concern. Many of these BBB-rated companies don’t pass the criteria to be rated BBB by the rating agencies. As New York University Economist [Nouriel Roubini](https://www.stern.nyu.edu/faculty/bio/nouriel-roubini) put it, the Fed is essentially buying junk bonds."

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