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Goldman Sachs president John Waldron. Photo: Jason Alden/Bloomberg via Getty Images
The response to Federal Reserve chairman Kevin Warsh's press conference last week was swift and negative, prompting a sell-off of long-term bonds. A top Goldman Sachs executive sees it as an overreaction.
What they're saying: "The market has been accustomed to getting a lot of Fed commentary all the time," Goldman president John Waldron tells Axios. "I think Kevin is right to take a step back and say 'Let's evaluate that, and think about a different approach.'"
