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History will not be kind to a Fed chair who squanders 40 years of price stability: Richard Clarida

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    Posted by Two Blokes Jul 16 - Filed in General - #TwoBlokesTrading  - 5 views
    Richard Clarida from PIMCO says that the Federal reserve system is set up in a way that a committee makes interest rate decision, not any individual, so there are checks and balances to ensure the Fed's independence to political influence.