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  ” ‘Job loss rates have fallen, but hiring rates remain depressed at low levels. Taken together, the labor market still cannot be regarded as healthy,’ Dudley said.” The unemployment rate (which is questionable at best, and is that the same as the jobless rate?) is claimed to be at 7.3%, and the Fed say nothing happens till it reaches 6.5%. Then what? And for how long? What if it jumps to 6.6%? Then what? .8% should trigger some kind of move toward their 6.5% goal, and such a move may even help them achieve their goal. I think these people are just a bunch of economic theorists who think in percentages and numbers without fully considering the real impact of their theories, and their whole argument sounds specious and flimsy.