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Does the Fed Have Any Idea What It’s Doing? | Jeff Snider & Brent Johnson

Hidden Forces

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The Future of Forward Guidance

Brent Scowcroft: I feel like forward guidance works worse than it used to. He says the Fed still has the ability to do is selectively bail out parts of the economy. The biggest player in the market is the euro-dollar market, he says.Scowcroft: To me, the dice has been thrown and we've just got to wait for them to play out.

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