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Steve Adams
Fed, Heal Thyself
It is breathtaking to read about Federal Reserve Chairwoman Janet Yellen berating Wall Street banks, as reported by Victoria McGrane in today’s Wall Street Journal, “to follow the law and to operate in an ethical manner.” Ms. Yellen’s speech to the Citizens Budget Commission in New York City is an apparent reference to the various probes of banks’ misdeeds around interest-rate manipulation, tax avoidance and other unnamed sins.
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