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Financial markets appear calm, yet risks are rising. Fed divisions and higher global bond yields, especially in Japan, threaten stability as the yen carry trade unravels....
While Powell may desire to pivot back to a Dove as the stock market and economic data begins to falter, he cannot easily do so…not while...
According to Bernanke's book, the manipulation of interest rates was a success because there was no dollar collapse and no runaway inflation.