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The Price of Time | Edward Chancellor & Joseph Wang
Forward Guidance
The Fed's Tenure Driven System
Many people in the Fed who have very senior positions are basically there as lifers. It's largely a tenure driven system. The Wall Street Journal did an sort of amusing poll or published an amusing poll after the financial crisis. They said, you know, they, it's problematic that the Fed and all the central banks have become major employers of so-called ex monetary experts.
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