As Federal Reserve Chairwoman Janet Yellen concluded her last policy meeting Wednesday with a decision to hold rates steady, she left her successor the challenge of deciding whether to pick up the pace of rate increases to prevent the economy from overheating. Fed governor Jerome Powell, who is scheduled to be sworn in as chairman Monday, will have to weigh how closely to stick with Ms. Yellen’s approach of very gradually raising interest rates from still-low levels.

Source: Wall Street Journal January 31, 2018 10:00 UTC