The Cato Institute
JAN 23, 2018
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.
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.