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THE BOTTOM LINE

The Fed's reckoning

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The Federal Reserve is at a crossroads, and it doesn't know where it's going. After holding short-term interest rates near zero for six years, Fed policymakers, led by chair Janet Yellen, are prepared to raise them - but when, how much and with what consequences they haven't said.

THE Federal Reserve is at a crossroads, and it doesn't know where it's going. After holding short-term interest rates near zero for six years, Fed policymakers, led by chair Janet Yellen, are prepared to raise them - but when, how much and with what consequences they haven't said.

Higher