Fed's George: Wait-and-see is appropriate response on rates
Comments from KC Fed's George:
- Current low level of US inflation does not demand a Fed response
- Not seeing upward inflationary pressures
- She's not concerned about current low inflation and is not convinced below-target inflation requires and offsetting overshoot
- Current outlook for inflation appears benign
- Sees little value in pursuing a higher inflation target
George is a hawk but is decidedly neutral in these comments.