Fed mulls faster rate hiking path on Trump's fiscal stimulus plans

FOMC December minutes

The Federal Reserve said it could be forced to raise interest rates at a faster rate in response to the fiscal policies expected to be implemented by President-Elect Donald Trump.

Minutes from the December meeting of the Federal Open Market Committee (FOMC) have shown policymakers are concerned about the impact of Trump's (pictured) policies of infrastructure spending and deregulation on the economy. The minutes suggest his policies could force the central bank to consider raising interest rates at a faster pace than previously expected in order to keep the US economy in check. Asset managers question Fed's 'aggressive' 2017 hiking path after Yellen's dovish speech On 14 December, FOMC members voted unanimously to raise interest rates by 25bps, from 0.50% to...