looks like it was J Powell's speech that was the news. In the interest rate press conference this week, J powell talks in depth about how the FED might have to pick between rising inflation and unemployment. It's the first time they acknowledge this. From the sounds of it the fed will react to which ever is worse in the short term which looks like it will be unemployment. I.e ignore inflation
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-20
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