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Greater Risk of a Policy Mistake

Fed on Edge as Trump Growth Bump Boosts Risks of Rate-Hike Error

Bloomberg News on January 11, 2017

“There is a greater risk of a policy mistake,” said Laurence Meyer, a former Federal Reserve governor who now heads a policy analysis firm in Washington that bears his name. “The committee is going to get more than what it bargained for: They wanted a hot labor market, they wanted inflation — they are going to be tested on both.”