Wonkbook: The Fed is united, but Trump may be on a different page

Sponsored by SEIU | By Ana Swanson The moment arrived years later than anyone expected. But nearly a decade after the onset of the financial crisis, businesses are adding jobs, unemployment is low and inside the Federal Reserve, there is no question: The economy is ready for a series of faster interest rate hikes. The more aggressive approach — …
 
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The U.S. Federal Reserve. KAREN BLEIERKAREN BLEIER/AFP/Getty Images By Ana Swanson The moment arrived years later than anyone expected. But nearly a decade after the onset of the financial crisis, businesses are adding jobs, unemployment is low and inside the Federal Reserve, there is no question: The economy is ready for a series of faster interest rate hikes. The more aggressive approach — which the Fed is expected to formally announce Wednesday afternoon after its officials telegraphed a rate hike for weeks — is a sharp contrast with prior meetings, when the hawks and doves of the central bank were more divided over whether to raise interest rates. But with the economy finally humming, the Fed is projecting a newfound unity on what it should do next. 2300fed-rates-0315 “You’re hearing one voice coming out of the Fed,” said Beata Caranci, chief economist at TD Bank Group. While central bankers and economists agree the time has come for the Federal Reserve to raise interest rates, President Trump may see it differently. Read the rest on Wonkblog.

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