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2017-08-03 — cnbc.com
``The Federal Reserve's looming attempt to shrink its mammoth portfolio of bonds comes with an ugly track record: Virtually every time the central bank has tried it in the past, recessions have followed... The Fed has embarked on six such reduction efforts in the past -- in 1921-1922, 1928-1930, 1937, 1941, 1948-1950 and 2000.''
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