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The Fed caved on its last quantitative-tightening attempt, abandoning it years early. Once that tightening forced stock markets to the verge of a new bear, the FOMC lost all courage. The Fed reversed course abruptly to aggressive new easings. Fed officials talk a big game when stock markets are high, hawkishly jawboning away. But their threatened actions never live up.
...read full article on Seeking Alpha
