The candidates knocking at Yellen’s door
At 103 years old, the Federal Reserve is an institution steeped in protocol. Eight times a year, senior policymakers of the US central bank descend on the Eccles Building in Washington, DC, to discuss the state of the economy. But unlike some of its counterparts, where policy meetings have become less formal over the years, the Federal Open Market Committee has a strict programme to follow.
Just before 9am, everyone moves to their allotted chairs around the gargantuan oval table – more than
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