Category: Esther George

Fed Official Hits Hawkish Note on Inflation, Says It Is ‘Very Broad-Based’ and ‘More Work to Be Done’

Despite calls for a tighter monetary policy to fight high inflation, Federal Reserve policymakers have yet to commit to the size of the next rate increase at its policy meeting in September, said Esther George, president of the Federal Reserve Bank of Kansas City. It also remains far from clear whether the easing of U.S. inflation…


Fed’s George Says Pace, Endpoint of Rate Hikes Still Matter of Debate

The recent easing of U.S. financial conditions, including a surge in stock prices, may have been based on an overly optimistic sense that inflation was peaking and the pace of interest rate increases was likely to slow, Kansas City Federal Reserve President Esther George said on Thursday. In comments to a Kansas City economic group,…


Kansas City Fed President Warns ‘Abrupt’ Rate Changes Could Strain Economy

WASHINGTON—Abrupt changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable given the uncertainty about how hard and fast rate hikes will hit business and household spending, Kansas City Fed president Esther George said on Monday. With inflation running at a 40-year high, “the case for…


Fed’s George Sees Policy Interest Rate Near 2 Percent by August

Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to about 2 percent by August, with further action dependent on how both supply and demand are affecting inflation. “Fed policymakers have emphasized a commitment to act expeditiously to restore price stability,…