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Back Fundamental analysis
Market overoptimistic about frontrunner Kevin Warsh?
Last night, rumors hit the market
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Last night, rumors hit the market that Kevin Warsh would become the new Fed chair. Warsh previously served on the FOMC and advised Trump on economic matters. After the news, risky assets immediately sold off. The US dollar, however, experienced only a brief burst of optimism, according to many economists. Let's unpack why the market reacted this way and what to expect from Mr. Warsh. Let's start with the fact that Warsh has repeatedly spoken in favor of shrinking various monetary?stimulus
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Chin Zhao,
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