From the Epoch Times:
"The U.S. Federal Reserve raised its key policy rate by 0.25 percent on March 15—the second such increase since mid-December—however, the central bank remains in wait-and-see mode regarding the impact of the Trump administration’s fiscal policy.
"As for the impact of fiscal policy, Oxford Economics Chief U.S. Economist Gregory Daco stated that where the U.S. economy is in the business cycle—in a lengthy expansion phase—is more relevant than historical precedent.
“'We’re close to full employment, we’re close to the inflation target. In that environment, fiscal stimulus tends to have less bang for its buck and the Fed generally tends to tighten monetary policy. That’s really a very specific environment we’re facing right now,' he said in a phone interview."