My Favorite Quotes
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 Stephen Cecchetti - “You want to make sure that short-term monetary policy isn't responding to a phenomenon that is just going to go away in a few months, or even a year. A change in an interest rate today will have an effect on inflation one to two years from today.”
 Stephen Cecchetti - “I think this is very, very tough for the Fed. There's also the compassion issue. You run the risk of looking very callous by raising rates.”