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Rick Rieder, Russ Brownback and Trevor Slaven contend that much of the recent criticism brought to bear against Fed policy makers is misguided, and in fact, the central bank has done an admirable job of pivoting toward a pragmatic equilibrium in recent months.
We have talked in the past about how global digital distribution capabilities are reshaping the rules of economics, where supply can expand nearly instantaneously to fill a void. Nowhere is supply in over-abundance today more than in the critical comments appended to every policy headline, or action. In this world of seemingly