• arguments from Rosengren, who dissented on Fed decision, are ‘compelling’

  • It is getting harder and harder to justify incredibly low interest rates

  • worries about getting too ‘greedy’ on reducing unemployment rate

  • significant difference of view inside Fed

  • An easy way to convince markets Fed will raise rates is by raising rates

  • Yellen fully understands both sides, is right person to find way forward

  • expects Yellen to stay until term ends in 2018, no matter who becomes president

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