All Fed policymakers agreed economic outlook had strengthened in recent months

Market news

12 April 2018

All Fed policymakers agreed economic outlook had strengthened in recent months

Policymakers generally saw economic effects of fiscal policy changes as uncertain due to dearth of historical precedents
All Fed policymakers expected 12-month inflation to rise in coming months; policymakers noted the widely expected increase would not by itself justify change in projected rate path

A number of Fed policymakers said economic outlook implied steeper rise in Fed funds rate over the next few years than previously expected

Several Fed policymakers said Fed funds rate in future will likely need to be above its longer-run normal value for a time - Minutes

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