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Making The Perfect The Enemy Of The Good, Fed edition
FYI: The Federal Reserve, it seems, is still waiting for the economic equivalent of perfection and risks squandering a good opportunity to begin normalizing interest rates. While this may be part of a well-intentioned effort to prepare the ground for investors and avoid a market shock when the increase finally comes, every delay only further reinforces unrealistically dovish expectations. Regards, Ted http://blogs.reuters.com/james-saft/2015/07/29/making-the-perfect-the-enemy-of-the-good-fed-edition-james-saft/
