Of course, the Fed might wait too long to tighten and inflation could eventually rise above the 2% target.
In the past, she pointed out, the Fed had sometimes waited too long to tighten policy, and, eventually, an overheating economy had forced it to raise rates more dramatically, bringing about a recession.
She said US economic prospects "generally appear solid" and it was best not to wait too long to tighten policy, which has been ultra-loose since the global financial crisis.
Public Health couldn't comment on what's taking our government officials so long to tighten that loophole up.
Yet the SEC has been slow to respond, say critics, taking too long to tighten oversight of U.S. shell companies acquired by Chinese firms through "reverse mergers," which allow the companies to avoid initial public offerings.
Mr. Pitt appears to be having second thoughts about appointing as board chairman John Biggs, the respected TIAA-CREF pension fund manager who has long favored tightening accounting practices.
I believe the public have confidence that UK funders have long since tightened up their funding decisions to minimise wasted research: but we are researching the unknown and not every study can be expected to succeed.
While it has said that monetary ease will continue for some time to come given the state of the economy and continuing downward pressure on prices, the Fed knows that it cannot wait too long before tightening lest inflationary expectations take hold that are very hard and very painful to eradicate.
But if the thrifty swing state of Iowa is anything to go by, those same voters like the idea of other people footing the bill, long before they tighten their own belts.
Messrs Hall and Murphy calculate that a standard option has a probability of 80% of paying out at the end of ten years, compared with less than 50% for an indexed option.In Britain investors sought to tighten long-term incentives so that they paid out only for companies that had done better than average.
