Federal Reserve Bank of Kansas City President George
Speaking in Nebraska on her economic outlook
- US under full employment
- Inflation is relatively mild
- US labor market continues to tighten
- Wages are outpacing inflation, a positive for consumers
- US investment is being helped by global economic growth
- Hurricanes will have a temporary impact on the US economy
- not too concerned by recent low readings on inflation
- Low inflation helps consumer purchasing power
- The Federal Reserve's gradual approach to take hikes is appropriate
- Its time to continue Fed rate hikes
Headlines coming via Bloomberg
George a bit more hawkish than Dudley, but she usually is more hawkish than other Federal Reserve Prezzies, so no surprise there.
Dudley earlier today: