The Fed Will Enter 2018 Facing Unresolved Issues – The Cato Institute

The Fed is likely to raise interest rates at this week’s FOMC meeting, another step will have been taken in the Fed’s “Normalization” plan.

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The Fed will, however, enter 2018 facing many more issues: the continued unwinding of response measures taken during the Financial Crisis and the high levels of turnover in the Federal Reserve system. Federal Reserve Chair nominee Jerome Powell awaits a confirmation vote and searches continue for other key positions.