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David Tepper says the stock market is still fine after Fed announcements


David Tepper, founder and president of Appaloosa Management.

David Orrell | CNBC

Hedge fund legend David Tepper thinks the Federal Reserve did a good job, showing that policymakers are not asleep at the wheel.

The Appaloosa chief told CNBC’s Scott Wapner that despite the Fed moving up its interest rate hike timetable the stock market is fine.



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