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What are the Politics of a Fed Pivot? | Nick Timiraos
Hidden Forces
How Important Is What the Stock Market Does to the Fed?
A rising stock market is obviously a sign of loosening financial conditions, but how much of that is important to the Fed? How much of it is also just simply a visceral kind of signal about their own credibility? I'm just curious to understand that because that's one of the paradigms, the sort of frameworks a lot of journalists have in their heads, media pundits, et cetera.
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