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Benn Steil: Misreading the Fed on a Rate Increase


Ignore the Federal Open Market Committee. The smaller, more dovish Board of Governors will decide. On June 17 the Federal Reserve will release its new “Dot Plot,” which will show, anonymously, what each Federal Reserve Bank president and member of the Board of Governors thinks short-term interest rates should be in coming years. Fed watchers

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Posted: June 8, 2015 Monday 07:06 PM