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A Fed official called the stock market’s plunge ‘small potatoes’ — but those comments miss the point





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  • Wall Street has some trust issues with the Federal Reserve — they don’t quite believe the central bank’s indication that it will keep rates low even as the economy recovers.
  • A sharp reassessment of expectations for Federal Reserve interest rate hikes has helped drive the market’s steep losses.
  • Officials have so far dismissed the market’s turbulence as a natural and perhaps even healthy adjustment for a stock market that had rallied very far very fast.
  • Roberto Perli, a former Fed economist and founder of Cornerstone Macro in Washington says the comments “miss the point, because they treat recent market action as if read more >>>

    Source:: BusinessInsider.Com

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