Comments from Fed's Esther George:
- Q1 growth was sluggish
- US economic has proven to be fairly resilient
- June jobs report welcome news
- Business investment has been relatively weak
- Investment holding up outside of manufacturing and energy
- Strong dollar and weaker global growth can hurt exports
- Pace of jobs growth has been particularly noteworthy
- US is close to full employment
- Rates are too low given progress in economy
- Supports raising rates gradually
- Suspects Brexit issues will be longer term matters for policy decisions
George is a major hawk but she dropped her dissent in favor of higher rates at the latest meeting.