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Just as airstrikes offer no shortcut to democracy, there is no safe path back to business as usual. There is only the slow, uncertain task of granting Iranians leverage over their own future and the moral imperative not to squander their courage in yet another Middle Eastern misadventure.
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At any given meeting, you can have a good-faith discussion about whether interest rates should be a little lower or a little higher. That discussion is particularly difficult now with so much contradictory economic data. But Trump is, unfortunately, well outside the bounds of that good-faith discussion with calls for dramatically slashing interest rates that are supported by virtually no one in the economic or business community.
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