While the Fed Has No 'Guts,' the PBOC Is on Steroids
Jay Powell, U.S. Federal Reserve chair nominee (Photographer: T.J. Kirkpatrick/Bloomberg)

While the Fed Has No 'Guts,' the PBOC Is on Steroids

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(Bloomberg Opinion) -- It’s debatable whether the Federal Reserve has sense, vision or “guts.” But one thing is certain: The U.S. central bank has become a weakling. The People’s Bank of China, on ...
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