Fed’s George Says Economy Could Do With Less Fed Stimulus

We've just had some comments from President and chief executive of the Federal Reserve Bank of Kansas City, Esther George, speaking at a Council for Economic Education event

Link to the headlines is here and more here

The Wall Street Journal is quick with a recap: Fed's George Says Economy Could Do With Less Fed Stimulus (not gated if you want to read the whole thing):

"You are required to look ahead" when you make interest rate policy, Ms. George said.

Given the improvements in growth and what appears to be relatively stable prices, it is entirely appropriate to talk about raising rates, which she described less as a process of trying to slow the economy down as ending an emergency policy stance.

With a rate rise, "it's more a process of pulling back on some of the accommodation. The sooner we do it the better," Ms. George said.

She added cutting back on stimulus will also reduce risk taking in the financial system and lower the prospect of bubbles that could damage the broader economy.

Bolding is mine

More at that link to the Journal article.