When should the Fed raise rates? (even more wonkish) - Paul Krugman Blog - NYTimes.com

When should the Fed raise rates? (even more wonkish) - Paul Krugman Blog - NYTimes.com: "So say we have 5 percent growth for the next 2 years — which would be hailed as a stunning boom. Even so, unemployment should fall only 2.5 points, to 7.3."