Source item
Open original source ↗Opening line.
-
Memo to Wall Street: Quit whining about the Federal Reserve. Your clients are paying you (a lot) to make judgments about risks and returns in real time, and it’s embarrassing when you complain now that Daddy Fed isn’t telling you how to do it.
Quoted context
These are the quoted author’s words.
Warsh makes markets do their job. Have they forgotten how to price risk without the Federal Reserve guiding them? https://t.co/QzVodzyjGR
WSJopinion ↗