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The Fed's Communication and Actions 'Creating Instability' - Wells Fargo

October 3, 2022 9:53 AM EDT

Wells Fargo analyst Christopher Harvey said in a note on Monday that the Federal Reserve has "over-communicated."

"The Fed's consistent message has been its commitment to price stability. We believe them, as do most investors," wrote Harvey. However, Wells Fargo believes the Fed's communications and actions are "creating... More