The Fed Muddled Its Inflation Message
An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

The Fed Muddled Its Inflation Message

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(Bloomberg Opinion) -- With a single word — “transitory” — Federal Reserve Chair Jerome Powell has sprung the “dove trap,” leaving market participants wondering if the central bank will ever commit...
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