Cohn: Markets Became Addicted to Knowing Fed Actions
IBM Vice Chairman Gary Cohn discussed market reaction to Federal Reserve Chairman Kevin Warsh's handling of the US central bank. He stated that 'the market became addicted to knowing what the Fed was going to do'.
Cohn also spoke about Japan and the US Treasury Department working together to shore up the yen and address market instabilities. The exact nature of their cooperation is not specified in the conversation.