Fed’s George: Gradual further rate hikes are needed
|Kansas Federal Reserve (Fed) President Esther George (a dove) was on the wires last hour, via Reuters, commenting on the US rate hike outlook.
Key Headlines:
The US economy in excellent shape, monetary policy should be neutral influence.
Monetary policy is still accommodative.
Gradual further rate hikes are needed.
There is still uncertainty about how far, how fast fed should raise rates.
Financial stress may be building in some sectors.
Sees significant upside risks from fiscal policy, downside risks from trade policy.
It is not clear how much concern there should be over possibly inverting the yield curve.
Heightened uncertainty due to trade policy not healthy for economy.
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