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Fed’s Policy-Setters Likely to Be More United

Wall Street Journal (01/01/15) Pedro Nicolaci da Costa

Experts believe that the U.S. Federal Reserve’s Federal Open Market Committee is likely to appear more united next year despite growing internal debate over when to raise interest rates. None of the three officials who cast dissents at last year’s meetings will be on the panel in 2015 because the voting seats rotate among regional Fed bank presidents. This shift is expected to result in a panel that sides more consistently with chairman Janet Yellen.