Big Money Managers Fear the Revenge of the Fed on Jackson Hole Eve
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The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Graeme Sloan/BloombergThis article is for subscribers only.
Stock and bond investors who’ve spent months sneering at the Federal Reserve are starting to worry about a comeuppance.
On the eve of a landmark gathering in Jackson Hole, Wyoming, a concern repeatedly voiced in interviews with big money managers is that market confidence itself is something the Jerome Powell-led bank is bent on doing away with.