The headlines from Federal Reserve Bank of Kansas City President Esther George are here from earlier:Federal Reserve’s George: Says Capex could pick up in coming months

Reuters have a recap now: Fed’s George wants to raise U.S. rates soon, gradually

  • The U.S. Federal Reserve should begin raising rates soon or risk stoking future inflation and further distorting financial markets
  • It should also do so gradually so as not to roil markets or hurt the economy
  • “My objective is not to raise rates quickly – I do not want to derail this recovery”
  • “I think it is critical that we begin now to normalize those interest rates, to begin to allow the economy and the markets to allocate credit, to price risks the way they are intended to do.”

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  • Federal Reserve Bank of Kansas City President Esther George is classified as a ‘hawk’, having consistently called for tighter monetary policy
  • She is a non-voter on the FOMC this year