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Fed Caught Between a Rock and a Hard Place

MRKT Matrix

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Is the Fed Batting Against Itsself?

In 2008, Jerome Powell was effectively new in the job. And as the market then went down, 19.9% from October to December, I think Jerome Powell acquiesced. So it's effectively the Fed batting against themselves constantly and we sort of the collateral damage all because of it. If you don't think it's true, folks, just go back and look.

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