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The appointment of Jerome H. Powell as chair of the U.S. Federal Reserve may lead to less strict regulations on banks, but on other issues he will likely follow the path set by predecessor Janet Yellen.
As every wealth manager eventually learns, clients aren’t always rational when it comes to the money game. How can you manage behavioral risk? Horsesmouth talked with advisors for some perspective on how to help clients avoid emotional decisions—and self-inflicted setbacks—during market corrections.
If we face a serious financial crisis, rate cuts and quantitative easing, long the Fed’s go-to tools, would need to work in tandem with fiscal policy, says former Fed chief Ben Bernanke.
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