Advertisement Continue reading the main storyThe meeting account emphasized that the Fed’s economic outlook has not improved in recent months. Fed officials see no evidence of a change in the nation’s economic trajectory since the election of President Trump. Fed officials decided several years ago to start raising short-term rates before allowing the bond holdings to dwindle, but they have never said when the second step in the process would begin. Advertisement Continue reading the main storyThe Fed is raising rates because economic conditions are drawing closer to good health. Some Fed officials have said — in the weeks since the meeting — that it might be necessary to move more quickly.

Source: New York Times April 05, 2017 18:29 UTC