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Capital Account: Fed Chairman Kevin Warsh says listen to the markets, not him. But there’s a problem with that: The Fed isn’t the umpire, it’s the most important player in the game, @greg_ip writes
Pessimistic
-25.0
−100 Bearish
0
+100 Bullish
The Fed chairman’s analogy of calling balls and strikes doesn’t work. The central bank isn’t the umpire, it is the most important player in the game.
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Sentiment Signal
Pessimistic
-25.0
−100Neutral+100
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