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America has seen Fedspeak reach a level so high that it risks the functioning of markets, allocation of capital and stability of the financial system. Fed cred matters for the central bank’s own autonomy.

United statesAlan greenspanBen bernankeLin manuel mirandaAaron burrJerome powellAlexander hamiltonAlan blinderMarket committeeEconomic policy researchChair alan greenspanOnly gameChair ben bernankeFederal open market committeeFinancial timesChair jerome powell