NEW YORK—A top Federal Reserve official said that he sees a “reasonable case” to raise short-term interest rates next month and that any new fiscal stimulus approved by lawmakers in Washington could shape the central bank’s expectations for additional rate increases next year. New York Fed President William Dudley said in an interview Thursday that any effort to make the tax code less complex “makes sense.” But with the economy expanding solidly and the unemployment rate at a low level of 4.1%, Fed policy makers will be watching...

Source: Wall Street Journal December 01, 2017 11:03 UTC