Fed Likely to Go Ahead With Rate Hikes Despite Trump Turmoil
- Policy makers want to gradually normalize interest rates
- Some might even welcome recent cooling-off of stock market
Capital Link's McGonegal Says Fed Has Window to Hike
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The political brouhaha in Washington looks unlikely to blow the Federal Reserve off course from raising interest rates further in 2017, starting with an increase next month and following up with another later in the year.
Fed watchers said the central bank will press ahead with plans to gradually normalize rates in order to rein in an economy that officials believe is growing above its potential and prevent an already-stretched labor market from becoming even tauter.