Some have argued that the run-up in interest rates is evidence that QE isn't working, but FOMC...

|By:, SA News Editor

Some have argued that the run-up in interest rates is evidence that QE isn't working, but FOMC officials noted a number of reasons for the increase: stronger growth prospects, year-end positioning by the markets, the tax-cut package, and the Fed's smaller-than-expected program. The members made clear that changes are unlikely.