Current Events-The FED and the Market

The FED and the Market...One flew over the cuckoo's nest.

https://finance.yahoo.com/news/fed-buy-stocks-prop-markets-205621671.html

and this just in...

https://markets.businessinsider.com/news/stocks/federal-reserve-begins-individual-corporate-bond-purchases-secondary-market-relief-2020-6-1029309910

So is it fair to say that the Central Bank is consolidating all equities? And if so, will that make the re-distribution easier? I mean, after all, Has the FED EVER resorted to buying stocks? No. But it did buy bonds back in 2009 during the first economic crash of the 21st century.

According to the article, The program, also known as the Secondary Market Corporate Credit Facility, will take in up to $250 billion in corporate bonds from eligible issuers. The Fed can also tap $25 billion in funding assistance from the Treasury Department as set aside by the CARES Act. 

That sounds like the US govt gave the central bank money to "stabilize" the market. Is it me or is that unheard of?

If the Central Bank, whose main responsibility is to regulate circulation, begins investing in the financial markets, the argument can be made that they are manipulating the currency indirectly.

https://theintercept.com/2020/05/27/federal-reserve-corporate-debt-coronavirus/

the Federal Reserve announced the deployment of additional “tools to support households, businesses, and the U.S. economy overall in this challenging time.” The measures included many actions taken during the 2008 financial crisis, with one new wrinkle: Direct purchases of corporate debt — the first nongovernment bond-buying in the Fed’s history — would now be allowed. While Americans struggle to file unemployment claims and extract stimulus checks from their banks, while small businesses face extinction amid a meager and under-baked federal grant program, the Fed has, at least temporarily, propped up every equity and credit market in America. And in a testament to its strength, it did so without spending a single cent.