The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
Timothy Geithner
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The choice is between which mistake is easier to correct: underdoing it or overdoing it.
- Timothy Geithner -
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The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.
- Timothy Geithner