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September 01, 2020 10:27am
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Why Such A Disconnect Between Inflation-Focused Fed And Pivot-Yearning Markets?

It is hard for young traders to relate to the Volcker Fed of the late-‘70s/early-‘80s. Powell’s current focus is on inflation – the way Volcker’s was. The disconnect between Powell and markets has the potential to hurt the latter next year.
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