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The Fed’s Next Test Is Breaking the Ice Over Policy Shift
WASHINGTON—As the economic recovery evolves from forecast to reality, the Federal Reserve will face a question that has vexed it in the past: how to signal its eventual tightening of the money spigot. The process of ending the Fed’s giant bond-buying program, and subsequently raising interest rates, will take years unless inflation unexpectedly surges. Its …
Republicans Could Lead on Mental Health Treatment
A homeless man holds a sign asking for money by an entrance to a subway station in New York, Oct. 9, 2015. Photo: Mark Lennihan/Associated Press Tucked away in the gun law President Biden just signed is a provision increasing funding for preventive outpatient treatment for mental illness. This is an important step toward solving …