Next year's expectations dialed back from three rate hikes to two.

Powell lauds economy, as the benchmark rate rises to 2%.

Kudlow's views come in stark contrast to his predecessor, who was more circumspect in talking about the central bank.

Inflation of 2% is a target, not a ceiling, Yellen says.

Inflation of 2% is a target, not a ceiling, Yellen says.

Policy makers still project three total rate hikes for 2017.

Policy makers still project three total rate hikes for 2017.

Rules created by guidance 'can be easily erased,' Calabria says.