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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01453890: Yellen and Janet Yellen (DS10)

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Identical to previous documents, this excerpt discusses Janet Yellen's Federal Reserve communication and policy approach. The text suggests an option's liquidity and provides commentary on the Fed's potential monetary strategy.

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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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