Fed Raises Rates and Still Sees Three Hikes in 2018

The transcript discusses the Federal Reserve's economic forecasts, highlighting a GDP growth increase to 2.5% next year, influenced by tax cuts, but predicts a slowdown in subsequent years. Unemployment is expected to fall below 4%, while inflation remains stable. Interest rates are projected to see three hikes next year. The Fed anticipates stronger growth and a robust job market, though inflation is closely monitored. Notably, there were two dissents favoring looser policies, marking a significant event since 2002. Changes in the Fed's board and leadership are expected, with Janet Yellen stepping down.

What was significant about the dissents from Evans and Kashkari?

What implications might the potential new board members have on future forecasts?