“Do the Iranians feel emboldened now that we have a president that is unabashedly an isolationist?” he asked. “Do they go after a Saudi oilfield?

"It’s a wild year coming up – I always say it’s important to focus on the fundamentals. Much of the chaos and dysfunction in my city is background noise – it’s not as important as earnings, the federal funds rate or the GDP – but the next few months will be exceptionally volatile, even by my Washington standards.”

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