Fed's George: We will be watching inflation expectations and wage inflation

Comments from the KC Fed President

• Judging if we've achieved max employment will be a question of whether workers on the sidelines will come back over time; that's likely to happen
• We're likely to see some moderation in inflation

George is a hawk but she's positioning herself as pragmatic. I don't think we'll see a dissent early in 2022 when she begins to vote.