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Over Fed
Is the Federal Reserve too complex to manage, too? That’s usually a question for big banks like JPMorgan, recently humbled by a surprise trading loss. But it’s also not a bad one for the Fed. From the presence of JPMorgan boss Jamie Dimon on the New York Fed board to the US central bank’s forays into housing policy, the Fed seems to be pleasing no-one. Part of the Fed’s problem
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