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Markets, Fed Policy and Managing Expectations
One would think the Fed officials would like to get out of the spotlight and just read the data, meet every two months, decide to raise or not raise rates, explain why and return to their cozy offices.
That is how the Fed used to operate. There was no mid-Federal Open Market Committee (FOMC) meeting state of affairs, or a litany of February governor speeches at every high-dollar chicken and pea luncheon spanning the country.
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