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Watch Live: Fed Chair Powell Explains Why He Ignored The Biggest Liquidity Crisis In Over A Decade

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So… everything’s economically awesome (apart from the biggest liquidity crisis in over a decade) but we should cut rates? Just don’t say “mid-cycle adjustment” – they don’t like that!

Good luck explaining the Fed’s repo function (and why you totally ignored it) and data-dependency, and remember, if the market pukes while you’re talking, we know who will blame you…

Watch Live:

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