Federal Reserve George: Sees Q3 GDP growth coming in over 3%

Kansas City Federal Reserve Bank President Esther George is speaking about the US economy in Albuquerque.

She will be taking audience questions.

• Sees Q3 GDP growth coming in over 3%

More:

• Says payrolls may be understating labor demand
• Labor market starting to look more balanced
• Says should see wage gains as the labor market normalizes
• Long term inflation expectations have not moved
• May see more inflation over the next year or so
• Most FOMC participants expect rates should rise in 2015
• Time to start normalizing Fed policy

Headlines via Reuters

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More (George now taking audience questions):

• Limited options with rates at zero if another recession
• Inflation has remained low and is relatively stable
• Divergent central bank policies may keep long rates low