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They Are Taking Risks Here

Case for Faster Fed Rate Hikes Builds as Bond Markets Sleep

Bloomberg News on May 11, 2017

“They are taking risks here,” said former Fed governor Laurence Meyer, the head of a Washington policy research firm that bears his name.

“You are beyond full employment, you have confidence you are heading toward sustainable 2 percent inflation, and you have above trend growth for the next two years,” he added. “And they are going slow.”