The Fed’s Policy Mechanics Retool for a Rise in Interest Rates - The New York Times:
"It’s easy to take for granted the Federal Reserve’s ability to raise interest rates. Even among the legions who doubt that Fed officials will pick the ideal moment to start increasing rates for the first time since 2008, few question the Fed’s technical competence. The central bank has a long history. The engine is known to work."
'via Blog this'