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#The Fed: With Fed officials split over outlook, Powell seeks to find compromise tapering plan

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“#The Fed: With Fed officials split over outlook, Powell seeks to find compromise tapering plan”

Economists expect statement that tapering is likely to come this year

With the U.S. economic outlook rife with uncertainty, it is no wonder that Federal Reserve officials are divided about the stance of central bank monetary policy.

Fed officials are facing a hard reality — “economic growth is coming in weaker than forecast, while inflation is coming in hotter,” said Diane Swonk, chief economist at Grant Thornton.

The…

Greg Robb

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