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The Value of Fed Speak
Jacqueline G asks, I would like to see some more commentary as to how much value Stan's Mary's team feels the Fed speak has. Is it all spitting into the wind or does it have any value simply because the people believe it has value? This is an interesting question. Like the Fed, practically, there's tangible value in what they do. In terms of setting interest rates for banks and loans, which is essentially connects to everything in the economy one way or another.