Commentary: Fed moves to a hawkish consensus
By Darrell Delamaide in Washington
At the Federal Reserve, the doves are flocking to the hawk side of the perch as a consensus grows that policy-makers should temper robust US growth with a steady increase in interest rates, reflecting strong growth, low unemployment and inflation approaching the Fed’s 2% target.
The 16 members of the Federal Open Market Committee have raised their expectations for US growth both this year and next, with Fed presidents...