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Christian Broda and Stanley Druckenmiller: The Fed's Faulty 1937 Excuse

Central bankers aren’t likely to observe financial excesses until it’s too late. Policy makers and financial pundits insist that the risk of the Federal Reserve raising rates too early exceeds that of moving too late. The Fed appears to agree. In recent years, the Fed has repeatedly moved its goal posts, seemingly to avoid raising

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Posted: April 15, 2015 Wednesday 07:05 PM