This is still well short of 2. George told Bloomberg TV that while upside risks to economic growth from fiscal stimulus could force the Fed to move faster than expected, financial and economic conditions could make the Fed stop short of her 3-percent estimate of neutral.
To CNBC she acknowledged that the flattening the yield curve, which some Fed officials have said gives them pause about further rate hikes, does have an impact on policy-setting.
Kaplan also signaled he is concerned that fiscal-policy-fueled economic growth will fade next year, making more rate hikes unnecessary, or at least not as obvious. President George discussed the economic outlook, shared her views on monetary policy and answered audience questions.
Click Here to comment on this article Close. Trump earlier this week said he was "not thrilled" by the rate hikes that Fed Chairman Jerome Powell has overseen since Trump put him in the job in February.
Dallas Fed President Robert Kaplan, in a CNBC interview later in the day, said he sees three or four rate increases necessary over the next nine to 12 months. Hosts Kathleen Hays and Pimm Fox traveled to Kansas City, hosting the show at the Bank and featuring other local community and business leaders.
Industrial Association Meeting In AugustPresident George met with industrial association members from the greater Kansas City area to discuss current economic conditions and issues in the manufacturing sector.
Agriculture Symposium President George addressed attendees at the Agriculture Symposium on the economic outlook and role of monetary policy. Bloch School of Management graduation ceremony.
Fed Chair Powell is due to speak Friday at the central banking conference. Watch sessions from the event. Labor Leader Roundtable Labor leaders from across the Kansas City region meet with President George May 19,to discuss a wide range of issues affecting workers and the economy.
In the interviews aired Thursday, however, she took care to hedge that view, a possible signal that the Fed is reaching a point where rate-hike policy is less predictable.
The Fed currently targets short-term rates at between 1.
Joining President George from the Bank: But if they persist, she said, echoing worries by many of her colleagues, the uncertainty could keep businesses from spending, slowing economic growth. He is widely expected to signal rate hikes will continue, given 3.
They presented George with a replica of a war bonds poster from Not pictured, but also in attendance, was Nathan Kauffman, Omaha Branch executive. The Fed began its current round of interest-rate hikes under Fed Chair Janet Yellen in Decemberand since December has lifted them every quarter, including in June, when George joined her colleagues in voting for the increase.Board of Governors of the Federal Reserve System.
The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Esther L. George President Federal Reserve Bank of Kansas City. Esther George took office on October 1,as the ninth president and chief.
President Esther George speaks with members who participated in an area labor leaders roundtable discussion organized by Omaha Branch Board of Directors Chair John Bourne, who is an international representative with the International Brotherhood of.
Aug 25, · Kansas City Federal Reserve President Esther George, a voting member on the central bank's policymaking panel, told CNBC it's time to increase interest rates. In the interview that aired on Author: Matthew J.
Belvedere. Aug 23, · Watch video · President Trump's criticism isn't influencing the way Kansas City Fed President Esther George, long one of the central bank's most hawkish members, conducts mint-body.com: Jeff Cox.
Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump’s displeasure with such a plan, two policymakers’ comments underscored on Thursday.
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