Fed's George: Falling jobless rate means adjusting monetary policy is of 'paramount importance'

Eren Sengezer FXStreet

Speaking at an economics conference in Santa Barbara, California, Kansas City Federal Reserve President Esther George (non-voter) suggested that the balance sheet should be trimmed this year.

Key quotes (via Reuters):

Fed should start reducing investments this year in longer-term treasuries and mortgage backed securities
Runoff of fed balance sheet should be set on 'autopilot'
Falling jobless rate means adjusting monetary policy is of 'paramount importance'
I support gradual interest rate increases

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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