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John Authers

Powell Dodged a Taper Tantrum With Ease. That's Suspicious

Like an unusually compliant toddler, the bond market’s lack of reaction should be regarded as a cause for alarm.

Sure, whatever you say Jerome.

Sure, whatever you say Jerome.

Photographer: George Marks/Archive Photos/Getty Images

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If the Federal Reserve’s chief job this year was to avoid a “Taper Tantrum 2.0,” then it has succeeded. The question is whether it has succeeded too well.