The Fed Raises the Bar for Rate Hikes
FILE: Jerome Powell, governor of the U.S. Federal Reserve, stands for a photograph at the board’s headquarters in Washington, D.C., U.S. (Photographer: T.J. Kirkpatrick/Bloomberg)  

The Fed Raises the Bar for Rate Hikes

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(Bloomberg Opinion) -- The Federal Reserve hasn’t yet given up on its estimate of the longer-run rate of unemployment that is consistent with stable inflation. That estimate, combined with the Fed’...
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