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Davos Elite Are Prepared to Scapegoat the Fed, Too

From bnnbloomberg.ca

If there were still any doubts that the Federal Reserve is stuck in place, the World Economic Forum’s annual meeting in Davos should put them to rest. As the gathering of global elite got underway, investors and even former central bankers were quick to cast blame on the Fed and its counterparts for disrupting financial markets in the final months of 2018. Ray Dalio of Bridgewater Associates LP chalked it up to an “inappropriate desire” to tighten monetary policy faster than markets could handle. Philipp Hildebrand, vice chairman of BlackRock Inc. and a former governor of the Swiss National Bank, said “the key risk ... (full story)

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  • Category: Fundamental Analysis