Fed's George: Further gradual rate hikes will be needed

Eren Sengezer FXStreet

Kansas City Federal Reserve Bank President Esther George recently crossed the wires saying that the Federal Reserve would need to raise interest rates further to keep the economy on track to the Fed's 2-percent inflation goal, as per Reuters reports.

Key quotes (via Reuters):

Further gradual rate hikes will be needed
Delaying rate hikes poses risks to growth, financial stability
It is appropriate to move cautiously at this stage in expansion
Waiting too long to remove accommodation risks recession, financial imbalances

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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