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What are the Politics of a Fed Pivot? | Nick Timiraos

Hidden Forces

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The Anguish of Central Bankers

CNN's John Defterios asks Fed chief to explain the anguish of central banking. He cites a 1979 speech by Arthur Burns that was delivered in Belgrade and Yugoslavia. "It's sort of one part maya culpa, one part explanation for ... how did we end up in this situation?" says Defterios.

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