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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02646947: Yellen and Janet Yellen (DS11)

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This document contains financial market analysis comparing Federal Reserve communications. It notes that recent Fed commentary was more cautious than Janet Yellen's remarks from the previous week and comments by Dudley on Monday, and mentions Paul Ryan's speech.

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Fed speak yesterday read much more cautious than **Yellen** last week and Dudley on Monday and nobody seemed to pay much attention to Paul Ryan's speech on

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