First published: Financial Times, 13/12/2016
President-elect’s pledge to reignite US growth presents tricky challenge for central bank
On the anniversary of the first rise in US interest rates since the financial crisis, the Federal Reserve’s second increase appears imminent. Although financial markets are pricing a very gentle path up for the Federal Funds rate next year, there is no question that significant change is in the air. There is a lot riding on the outcome.