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How the Fed painted itself into a corner

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"All the President's Bankers"

Nomi Prins is a former Wall Street banker and author of "All the President's Bankers."

Raise the rates, lower the rates, leave them the same. It's not going to make a difference.

The asset inflation caused by near zero interest rates was a temporary patch and that patch did nothing to help the real economy and is in the process of coming unglued.

Well, it was fun while it lasted.

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