Esther George, President of the Federal Reserve branch in Kansas CitySpeaking on the Investment in the America of the workforce, I expect a Q&A session will follow … but I have not seen confirmation. but, I’m here for a while so I’ll keep and eye and ear out
- In addition, with progressive rate increases will be necessary
- Said delaying the rate increase poses risks to growth, financial stability
- Said that it is appropriate to exercise caution at this stage of the expansion
- Waiting too long to remove the accommodation of the risks of recession, financial imbalances
This guide headlines via Reuters
George is well known as the least accommodative of the end of the Federal Reserve of spectrum, promoting more rapid hikes, than most of his colleagues within the Fed.
more to come