Fed's George: Too soon to say if March would see 50 bps rate hike

• What we have to do is be systematic
• It is always preferable to go gradual, I'd be hard-pressed to say we have got to get to neutral really fast
• But strong inflation and market pricing paves the groundwork for discussion
• If we get to March and the data says we should talk about it, then 50 bps rate hike will be in play
• But "I am not sure that is the answer"
• Does not see current situation as an emergency, inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term print was not a surprise

She also talked up reducing the balance sheet and says that any combination of policy tools used to combat inflation and low unemployment would have to be 'systematic' in that sense. The full interview can be found here (may be gated).

Judging by her tone, she doesn't seem too eager to push for a 50 bps rate hike - at least for now - but she isn't shutting the door on it either.