Markets need to heed voice of doves on Fed rate trajectory

Nervous fliers who sweat the small bumps on their journey sometimes wonder why their pilot can't just fly much lower. From their point of view, flying closer to the ground represents far greater safety than being held aloft at 37,500 feet, buffeted by winds and resisting gravity. It seems to be a similar logic some Fed members use in arguing for low interest rates.

via Economictimes

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