Federal Reserve Bank Of Kansas City President Esther George
- Fed should not delay interest rate hikes
- Keeping rates low risks financial stability; rise in commercial real estate prices bears watching
- Gradual hikes sooner better than steep hikes later, as steep hikes often cause recessions
- Global economy appears more vulnerable; Fed could pause hike cycle or otherwise respond if needed
Via Reuters
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George speaking on the US economy in Nebraska.
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George is at the 'hawk' end of the spectrum on the FOMC . Yes, she is a voter this year. She dissented at the most meeting - she wanted MOAR hike!
ps. Here are the rest of the 2016 voters