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Omid Malekan (Columbia) on Trust & Finance
Galaxy Brains
The Fed's Credibility Issue Is Going to Take a Hit
The Fed's credibility is going to take a hit no matter what they do. It's clearly a failure by regulators to effectively monitor banks. Financial stability, like people need to have faith and confidence in the system,. If he genuinely thinks that's at risk here, then I think he's got a pause.
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