Fed mulls faster rate hiking path on Trump's fiscal stimulus plans

Minutes from the December meeting of the Federal Open Market Committee (FOMC) have shown policymakers are concerned about the impact of Trump's (pictured) policies of infrastructure spending and deregulation on the economy. The minutes suggest his policies could force the central bank to consider raising interest rates at a faster pace than previously expected in order to keep the US economy in check. On 14 December, FOMC members voted unanimously to raise interest rates by 25 basis points, from 0.50% to 0.75%, which was seen partly as a reaction to Trump's wildcard US Election victor...