How the Fed Benefited from Its Own Failures

SMITH BRAIN TRUST — Markets will respond when President Trump nominates a new Federal Reserve chairperson in January 2018. But Wall Street legend and financial historian Henry Kaufman said the reason the decision matters so much has more to do with the Fed’s recent failures than its successes. “The Federal Reserve has vaulted itself into a position of high prominence not because of its achievements, but because of its shortcomings,” Kaufman writes in his latest book, which he discussed on Sept.

DuPont-Dow Merger: Taking the Long View

By David B. Sicilia

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