Wanted: Fed Officials Who Care Less About Bond Market Volatility
- Former Fed Governor Stein Says Market Focus May Hurt Economy
- Deutsche Bank Says Fed Shouldn't Hike Until Markets Beg
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Damned if you hike, damned if you hold.
Such may be the feeling inside the Federal Reserve a week since it met the expectations of financial markets by postponing its first interest-rate increase since 2006, in part because “financial developments” threaten to impede growth and inflation.