KC Fed’s George calls for higher interest rates

Esther George, Federal Reserve Bank of Kansas City president | Courtesy of the Federal Reserve Bank of Kansas City
Esther George | Courtesy of the Federal Reserve Bank of Kansas City

Citing an improved labor market, Esther George, president of the Federal Reserve Bank of Kansas City, said Thursday that it’s time for the Fed to raise interest rates.

Speaking in advance of the Kansas City Fed’s monetary policy symposium in Jackson Hole, Wyo., George said she feared the Fed risked moving too slowly in raising rates.

“When you see the economy getting as close as we are to full employment, to stable inflation,” she said, “it would suggest to me that the time has come to do that.”

George, who won’t have a seat on the Fed’s policy-setting committee until 2016, is seen as one of the Fed officials least tolerant of inflation.

Read more from the Kansas City Star


Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students