KC Fed’s George repeats call for rate hikes but says market turmoil complicates decision

Kansas City Fed President Esther George says the market turmoil “complicates” any decision to raise rates, but she repeated her long-held call for normalization. George, who is considered a hawk, said the market swings may have been impacted by the central bank’s moves. “I think [Fed policy] has an influence on it,” said George in an interview with CNBC. She doesn’t have a vote this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply