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POWELL'S BUNGLE
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POWELL'S BUNGLE

Another miscommunication from Powell

Kevin Muir
Dec 1, 2021
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POWELL'S BUNGLE
posts.themacrotourist.com

Yesterday, after the market closed, Fed Chair Jerome Powell released the prepared speech for his next-day appearance in front of the Senate Banking Committee.

It was dovish. Not, freakishly so, but the market definitely interpreted it as expressing concerns about the new omicron COVID variant, and at the margin, the speech seemed to be a slight shift bac…

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