Rates on hold after Yellen’s final FOMC meeting
New committee finds unanimity on rate hold, as Janet Yellen prepares to step down
The Federal Open Market Committee (FOMC) achieved consensus as it held rates on January 31, in its last meeting under the chairmanship of Janet Yellen.
The committee’s composition has changed with the annual rotation of regional Federal Reserve presidents – the departure of Neel Kashkari and Charles Evans, both dissenters in December 2017, helped the committee achieve unanimity in its vote this time around. Rates remain on hold at 1.25–1.5%, and the gradual process of rolling assets off the
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