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Yellen made it clear that while the Fed still expects to continue on its gradual tightening path, policy was not on a pre-set course and would respond appropriately to developments, the real test may come later, if markets continue to deteriorate and look to central banks to save them. Are policymakers' guns loaded with blanks?

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    Who said: "Just as courage imperils life; fear protects it"?
    A Leonardo da Vinci
    B Ernest Hemingway
    C Mahatma Gandhi
    D George Washington