Fed keeps rates unchanged remains on road to December hike
Janet Yellen
Investors had all but ruled out a rate hike at the central bank’s policy meeting this week and attention has largely been focused on who will be in charge of monetary policy at the end of Fed Chair  Janet Yellen ’s first term in February 2018.
President Donald Trump is set to announce his nomination on Thursday afternoon with Fed Governor Jerome Powell  a soft-spoken centrist who has supported  Yellen ’s gradual approach to raising rates  seen as having a lock on the job.
FILE PHOTO: Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting  in Washington  U.S. on September 20  2017. REUTERS/Joshua Roberts/File Photo
FILE PHOTO:  Federal Reserve Chairman Janet Yellen  speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting in Washington  U.S.  September 20  2017. REUTERS/Joshua Roberts/File Photo
Nevertheless   Yellen  and some other key policymakers have said the Fed still expects to continue to gradually raise rates given the strength of the overall economy. In its statement  the central bank reiterated it expects inflation to rise back to its target over the medium term and emphasized that the unemployment rate has declined further.
Investors had all but ruled out a rate hike at the central bank’s policy meeting this week and attention has largely been focused on who will be in charge of monetary policy at the end of Fed Chair  [TGT] ’s first term in February 2018.
President Donald Trump is set to announce his nomination on Thursday afternoon with Fed Governor Jerome Powell  a soft-spoken centrist who has supported  [TGT] ’s gradual approach to raising rates  seen as having a lock on the job.
FILE PHOTO: [TGT] speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting  in Washington  U.S. on September 20  2017. REUTERS/Joshua Roberts/File Photo
FILE PHOTO:  [TGT]speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting in Washington  U.S.  September 20  2017. REUTERS/Joshua Roberts/File Photo
Nevertheless   [TGT]and some other key policymakers have said the Fed still expects to continue to gradually raise rates given the strength of the overall economy. In its statement  the central bank reiterated it expects inflation to rise back to its target over the medium term and emphasized that the unemployment rate has declined further.