August 25, 2014 9:36 PM

Jim Kudlinski: The Fed is inching toward increasing interest rates — and shouldn’t waste any time

The Fed should not attempt to squeeze the last drop of benefit from abnormally low rates. The benefits to be gained are small as compared to the costs if inflation gets a hold. We are still emerging from the effects of the subprime mortgage fiasco. Let’s not risk imposing another one on top of it.

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