Editorial Board

The Fed Should Be Clear and Raise Rates

It's the best way for Janet Yellen to bring clarity.

Taking a close look at the economy.

Photographer: Win McNamee/Getty Images

Running the U.S. Federal Reserve has never been an easy job, and the degree of difficulty is only getting higher. Eight years after the crash, the economy is sending confusing signals, and the Fed’s policy makers aren’t sure what they mean. That’s awkward when the one thing investors want from this week’s interest-rate decision is clarity.

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