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How Trump could completely reshape the federal reserve

The resignation of Vice Chair Stanley Fischer reminds us that the fed faces an uncertain future

By George Magnus  

Photo: Yin Bogu/Xinhua News Agency/PA Images

This Friday will mark ten years since Lehman Brothers filed for bankruptcy.

Whatever happened in the decade before and wherever we want to place the blame, there is no question that the US authorities were out of the blocks pretty quickly to try and contain the financial and economic carnage. They rushed through an $800 billion stimulus programme that President Obama signed into law in February 2009, acted promptly to forcibly recapitalise banks, and…

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