Markets Struggle With the Meaning of ‘Substantially’
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting in Atlanta, Georgia, U.S. (Photographer: Elijah Nouvelage/Bloomberg)

Markets Struggle With the Meaning of ‘Substantially’

(Bloomberg Opinion) -- Over the years, the Federal Reserve has used rather ordinary words and phrases to describe its attitude toward monetary policy that have nevertheless beguiled investors as to...
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