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Mark Gongloff

Does the Fed Have to Destroy the Market in Order to Save It?

Or: Can an inflation-fighting campaign succeed without causing a crash?

TFW you have to destroy the market in order to save it. 

TFW you have to destroy the market in order to save it. 

Photographer: Sarah Silbiger/Getty Images North America

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There’s a weird chicken-and-egg thing happening in financial markets right now. Or maybe that should be hawk-and-egg.