The Fed still appears likely to raise rates in December, economists say, but big questions over Trump's policy agenda have clouded the outlook for future increases next year. The central bank also appears likely to gain two new Trump appointees on its board of governors, who will likely favor more aggressive action to raise rates, and to face a renewed push in Congress for stricter lawmaker oversight of its activities.


The effects are particularly hard to predict because it is unclear how aggressively Trump will move on several fronts of economic policy, including taxes and trade, and what he will ultimately win congressional support for.

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