Federal Reserve George, says:
- Fed should raise rates ‘shortly after’ end of bond-buying
- Likely appropriate to raise rates faster than most at Fed now expect
- Keeping rates low even after recovery is complete sets stage for more risk-taking
- Fed’s rate hikes could cause financial market volatility
- Fed will need to resist pressure to back away from rate hikes
Headlines via Reuters and Bloomberg
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Added: More details now available here, via Reuters
