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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01453871: Yellen and Janet Yellen (DS10)

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This document is identical to EFTA01453733, containing a brief critique of Janet Yellen's communication of Federal Reserve policy. The text suggests an option is liquid and can be easily unwound, with commentary on the Fed's potential policy approach.

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The option is liquid and can be unwound at any time. i) **Yellen** has done a poor job of communicating the Fed's thinking but its increasingly clear the Fed

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