They also reminded me of a story Dallas Fed president Richard Fisher included in one of his speeches about the early nineteenth-century French diplomat Talleyrand and his archrival, Prince Metternich of Austria. When Talleyrand died, Metternich was reported to have said, “I wonder what he meant by that?” It seemed that no matter what I said or how plainly I said it, the markets tried to divine some hidden meaning.
-Ben S. Bernanke
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