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Fed chairman undertakes charm offensive -- but will he come clean?

Section: Daily Dispatches

How about just answering Rep. Alex Mooney's questions, starting with which markets is the Fed secretly trading in, and why?:

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Fed Chairman Powell Is Staging a Charm Offensive to Combat Trump's Attacks

By Craig Torres
Bloomberg News
Tuesday, December 11, 2018

Jerome Powell is ramping up Federal Reserve communication to build public trust and help insulate it from political attack.

In recent weeks the Fed has announced a series of initiatives, including a monetary-policy review roadshow, a semi-annual assessment of financial stability, and its inaugural Supervision and Regulation Report. These follow Powell's early promise of "plain-English" explanations and a doubling of his press conferences starting next year.

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Those initiatives, from the Fed's first chairman from private equity, are aimed at broadening public support at a time when the central bank is raising borrowing costs for consumers and businesses. Powell's mission has taken on greater urgency given President Donald Trump's attacks and the residual suspicion in Congress about Fed power. ...

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