Fed's George: Economic recovery far from complete

Author: Greg Michalowski | Category: Central Banks

Kansas City Feds Esther George

Kansas City Feds Esther George is speaking. She says
  • economic recovery far from complete
  • household, commercial strains could damage banks
  • opposes loosening big banks capital standards
  • warrants bank strains could still materialize
  • banks in particular need to be vigilant given stress in their core markets particularly commercial real estate
  • monetary policy, changing capital rules may hasten ongoing consolidation in the banking industry
George is not a voting member on the FOMC board in 2020
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