Fed's George: Gradual hikes sooner better than steep hikes later

Federal Reserve Bank Of Kansas City President Esther George notes that the Fed should not delay interest rate hikes, adding that gradual hikes sooner better than steep hikes later.

Additional headlines

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