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3min chapter
Nick Timiraos: The Fed Doesn't Want Bank Failures In The News
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Introduction
Nick Timeros, Chief Economics Correspondent for the Wall Street Journal and author of trillion dollar triage. He says this was as close to a pause as you were going to get from a committee that has had at times serious buyers remorse. The calculation now seems to be that the data would have to come in quite hot and maybe for more than one meeting cycle to convince them to go up to five and a quarter or five and a half.
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