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| − | perfect design thanks <a href=" http://www.inatownthissize.com/psychology-writing-services/ ">advertising papers</a> That's really about all there is to it. So long as we both think we understand what the Fed is telling us and believe that it retains credibility as a central bank things are very straightforward. The answer to the first part is that yes, by delaying, the Fed is clearly trying to put in place conditions in which risk-taking is rewarded. And yes, though there is an irony in the Fed botching its communications and it retaining credibility, this is the single most credible central bank in the world today, making it the single most credible central bank in human history.
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