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FEB. 6, 2015
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But the report clearly adds ammunition to those within the central bank who take an alternate view, which is that full employment and a genuinely prosperous economy are in sight, and that the Fed must move pre-emptively, in that it must make decisions based on where the economy is heading, not where it is today.
For years, we’ve been waiting for evidence that wages will rise and that some of the millions of people who left the labor force in the last several years will return. And we got it on Friday, with all that implies.
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