Fed Officials See Faster Economic Growth Under Trump, but No Boom
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Janet L. Yellen, the Fed’s chairwoman, at a news conference in December. Fed minutes released on Wednesday show just how much Donald J. Trump’s unexpected victory has clouded the economic outlook for 2017. CreditAlex Brandon/Associated Press
WASHINGTON — Federal Reserve officials expect Donald J. Trump’s election to result in somewhat faster economic growth over the next several years, but they see little chance of the boom Mr. Trump has promised, according to an account of the Fed’s most recent meeting in mid-December.
That is in part because the Fed plans to raise interest rates more quickly if growth accelerates.
For now, however, Fed officials plan to wait and see what happens next, the account said…
Fed Officials See Faster Economic Growth Under Trump, but No Boom
