The new-look Fed seems committed to low rates, but will face challenges if one thing changes
The Federal Reserve’s policy making body heads into 2020 with a new complexion that, at least on its surface, seems committed to keeping interest rates low for the foreseeable future.
In an annual rotation of voting members on the Federal Open Market Committee, Fed presidents Eric Rosengren of Boston and Kansas City’s Esther George head to the sidelines. They are two of the FOMC’s most noted…