WASHINGTON — Janet L. Yellen, the Federal Reserve chairwoman, marshaled a clear consensus of Fed officials for the momentous decision to raise the Fed’s benchmark interest rate last month, but some of those officials have unresolved concerns that could slow the march toward higher rates.
An official account of the December meeting, published Wednesday, emphasized the expectation of Fed officials that “economic conditions would evolve in a manner that would warrant only gradual increases in the federal funds rate” over the next year. And that is the plan if everything goes well. The ...
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