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Opinion

Don't fight the Fed – at least, not yet

The US central bank has made it clear it will keep propping markets – at least until inflation takes off. Betting against it would be a bad idea. But, says John Stepek, don’t make the mistake of thinking the Fed is an all-powerful master of the markets.

by: John Stepek
30 Jul 2020
Jerome Powell © US Federal Reserve

Jerome Powell:not an omnipotent master of the markets

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