Fed`s George views current measures as too accommodative

Author: Adam Button | Category: Central Banks

Comments from the newest, biggest, hawk at the Fed:

  • She dissented at the last two meetings on concerns about financial stability and inflation
  • Extended period encourages risk taking that could prove to be unhealthy
  • Concerned that thresholds could allow tolerance for inflation above 2%
  • Her goal is not premature withdrawal of policy support but seeing transition from crisis policy response
  • Trying to speed up the recovery creates risks in the longer term

George has been pushed to the margins, virtually noting she says will move markets.