KC Fed’s George positive on economy and jobs, mum on 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

Esther George, president of the Federal Reserve Bank of Kansas City, said she sees strength in the U.S. economy and labor market.

George made the comment Thursday during the CityAge conference in Kansas City. At the two-day event, mayors and business leaders discussed investments, ideas and collaborations to rebuild American cities.

The event was held a day after Federal Reserve policymakers again delayed the hike of interest rates.

George did not comment on the possibility of increasing interest rates, but she said the U.S. economy is growing and the job market is healing rapidly.

She also noted that housing and consumer confidence reveal a positive outlook for the economy.

Read more from the Kansas City Star


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