By lowering rates, the law reduces the value of tax credits that have been crucial to rental projects nationwide, with the effect being felt already.
The Fed is likely to get a new chairman next month, but there are still two job openings just below that post. President Trump controls one. Opponents see the other as an opportunity.
Financial firms are benefiting from the $1.5 trillion tax cut and make up the majority of companies so far handing out raises and bonuses as a result of the bill.
The Federal Reserve is welcoming a debate among economists about proposed changes that might improve its response to future economic downturns.
With two Republican defections, the Senate Banking Committee voted down the nomination of Scott Garrett, a former Republican congressman from New Jersey.
With the central banks of the United States and Britain raising rates, the European Central Bank turns its attention to the year ahead and how fast it should roll back stimulus.