Kansas City Federal Reserve President Esther George spoke overnight at the same conference where Fed chair Janet Yellen and IMF head Christine Lagarde had their conversation (headlines here and more)
George is generally in favour of raising rates sooner than other members of the Fed, and her comments were along these lines:
- She noted "the important role that monetary policy plays in affecting risk appetite and risk premiums", and further that bond buying by the Federal Reserve "if pushed for an extended period of time ... create vulnerabilities"
