3min chapter

Forward Guidance cover image

Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang

Forward Guidance

CHAPTER

Introduction

Joseph Wang is a former senior trader for the Federal Reserve. He says being on the open market desk was an "extraordinary opportunity to be able to learn about the markets" The Fed's decision to accelerate its tapering of its asset purchases, which is slowing down its quantitative easing has been met with mixed reactions from investors.

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