Unsurprising remarks in the speech from Esther George, President of the Federal Reserve branch in Kansas City
- Says 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
- she 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
Headlines via Reuters
George has been consistently towards the less dovish end of the Fed spectrum. the times suit her right now.
