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Fed’s Warsh Era Vibe: Interest Rates Now Dictated by Mood Rings
The Fed’s Warsh era has introduced a revolutionary ‘vibe’ to monetary policy, with interest rates now directly linked to Chairman Warsh’s daily mood.
The Fed’s Warsh era has introduced a revolutionary ‘vibe’ to monetary policy, with interest rates now directly linked to Chairman Warsh’s daily mood.
Krugman’s oil speech unexpectedly veered into the economics of emotional labor and coffee beans, leaving global markets baffled but oddly prosperous.