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Alan Blinder: The Fed Can Be Patient About Raising Interest Rates
Core inflation has been stuck between 1.3% and 1.7% since mid-2012, and isn’t forecast to reach 2% until 2017. As the Federal Reserve’s Open Market Committee prepared to meet last month, no one was wondering what the Fed would do. Everyone knew it would do nothing. There would be no rate hikes, no balance sheet
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Posted: April 12, 2015 Sunday 05:51 PM