Posted on January 15, 2019 - 04:19 PM
by Gary Simmens
KANSAS CITY, Mo.—One of the Federal Reserve’s most consistent supporters of raising interest rates said the central bank could refrain from more increases for the time being while it studies the effects of its previous steps to withdraw economic stimulus.
Esther George, the president of the Federal Reserve Bank of Kansas City, said Tuesday she backs such a break even though she believes higher rates may still be needed to keep growth on an even keel. This is a good sign, because many people and top economists, and including President Trump, believe the Fed raised interest rates too fast and too often with 4 rate hikes during the past year in 2018.
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