Fed's George: Appropriate to hold rates for now to assess economy

Author: Adam Button | Category: Central Banks

Even the hawks are on board

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  • Housing appears to have responded to lower rates
  • Sees benign inflation
  • Headwinds to business spending likely to persist
  • Robust labor market should support consumer spending
  • Sees growth slowing to longer-run trend of 1.75-2.00%
  • Sees continued weakness in manufacturing
George is the biggest hawk on the FOMC. Her throwing in the towel on inflation and rate hikes probably means that the bottom/top is in.

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