"Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals," she said.
"Were the FOMC [Federal Open Market Committee] to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals," she said.
In this fallow land of East-West confrontation, Willy Brandt, the West German chancellor in the early 1970s, and his adviser Egon Bahr planted the shoots of their policy of détente, the partial normalization of relations.
Aiming to change that as part of a policy of diplomatic and economic normalization, Obama approved U.S. cruises to Cuba in 2015.
Perhaps as a consequence of these unequal policies, the normalization of drug use among white people reached new heights.
The volatility since May 2013 tells us that the process of normalization of U.S. monetary policy will be complicated and volatile.
Difficulties to decelerate inflation will be compounded by another potential challenge, namely, the pressure toward local currency depreciation that will likely accompany the process of normalization of U.S. monetary policy, with some increase in their interest rates expected for 2015.
There was hope of normalization of relations between the two Koreas.
Talking of normalization before a full Israeli withdrawal is "placing the cart before the horse".
