Kansas City Federal Reserve Bank President Esther George said on Thursday that s...
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis
“We’re at a sort of equilibrium right now and I’d be happy to leave rates here absent seeing either some weakness or some strengthening, some kind of upside risk that would cause me to think rates should be somewhere else,” George said in an interview with Bloomberg TV. While markets overwhelmingly expect the Fed to follow up its first rate cut in a decade with more stimulus at its meeting next month, some policymakers disagree. George and Boston Fed President Eric Rosengren dissented from the last rate cut.George said she thinks the U.S. labor market remains strong, consumers remain confident, inflation-adjusted rates are near zero and the U.S. economy is poised to expand.
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