The real headache is that it is easy to be the Fed when inflation is below target ... a very important aspect as we go into this May meeting, is the tone of the debate changes completely as we get to 2 percent and beyond. Torsten Slok More Quotes by Torsten Slok More Quotes From Torsten Slok I can't ever remember a situation when we've seen anything like this before, when I was at the IMF there was only one global business cycle. In the late 1990s and early 2000s it would have been impossible to imagine the kind of decoupling we have today. Torsten Slok business Next week if she does remove 'patient' they could get the wake-up call. Torsten Slok company-news