The new Fed chair just told you to stop watching the Fed. Kevin Warsh held rates, scrapped the forward guidance, and all but said quit reading our tea leaves. Fine. Let's take him up on it. Here's what never needs a press conference: 21 million. No chair, no vote, no "good family fight" can reprice it, delay it, or print past it. You were never going to out-guess the committee anyway. So stop. Hold the one money that doesn't hold meetings.
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