Fed’s George: Fed Should Raise Rates in Middle of the Year

NEW YORK—Federal Reserve Bank of Kansas City President Esther George wants to see the U.S. central bank start raising short-term interest rates at some point over the summer, worrying that if Fed doesn’t get moving soon future rate increases may have to be more aggressive.
“I continue to support liftoff towards the middle of this year due to improvement in the labor market, expectations of firmer inflation, and the balance of risks over the medium and longer run,” Ms. George said in the text of a speech prepared for a local event in Kansas City, Mo. “Waiting until economic conditions are Read More

Source:: wsj