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The Exchange
00:00
The Fed's So-Called Fed Speak of the Day, Steve Leespin
An interesting speech by Senator President Meridale who says the Fed has more work to do. She points to a San Francisco Fed paper that shows the level of financial tightening in the market right now is higher than portrayed in the current Fed funds rate. Early signs, she says, are encouraging the Fed needs to go far enough to get the job done but be mindful not to overdo it.
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Transcript
