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The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder

The Fed keeps calling these events bad luck. They aren't.

Fortune

Jon Hilsenrath

Squaring the accounts of Kevin Warsh, whom Trump could pick as Fed chairman next year

A recent speech offered clues into how Warsh might lead the central bank he’s criticized. Not everything added up.

Fortune

Jon Hilsenrath