Esther George supports further rate rises unless outlook ‘significantly shifts’
Kansas City Fed president says December rate rise was a ‘late start’ to normalisation
US monetary policy "cannot respond to every blip in financial markets", the president of the Federal Reserve Bank of Kansas City said on February 2. "To a great extent", recent financial market volatility is "not all that unexpected, nor necessarily worrisome", said Esther George.
The Federal Reserve's decision to raise interest rates in December was the right decision but "a late start" to normalisation, George said. In January, George became a voting member of the Federal Open Market Committee
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