Fed's George: Does not want Fed to get behind on rate rises

Author: Eamonn Sheridan | Category: Central Banks

President and chief executive officer of the Federal Reserve Bank of Kansas City Esther George

  • Says she is not interested in seeing the economy slow down
  • She believes Fed needs to slowly but surely make progress in raising rates
  • Says she does not want Fed to get behind on raising rates and have to raise them quickly
  • Fed will continue to debate on the timing of a rate hike 
Headlines via Reuters

  • Fed discussions are apolitical, do not talk about how elections will turn out
  • Insulation from short-term political pressures allows Fed to make hard decisons
  • George is a 'hawk' 
  • A 2016 voter
  • Dissented from the FOMC September interest rate hold decision (George is quite a regular dissenter, she has made it clear, many times, she would like to hike rates sooner rather than later)

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