The Fed Is Fighting for Control of Its Key Interest Rate
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

The Fed Is Fighting for Control of Its Key Interest Rate

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(Bloomberg) -- If a ship crossing a wide and placid harbor yaws so far that it almost hits the channel markers, its captain might want to have the rudder adjusted. That’s essentially what the Feder...
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