Fed’s George wants to raise short-term rates to around 3% over next 2 or 3 yrs

In an interview with the WSJ published Friday, Esther George, president of the Federal Reserve Bank of Kansas City, favoured the case for raising short-term interest rates.

Key Quotes:

Today my views are it is time to move

Where I was in July made sense to me and it still makes sense to me

I don’t see better outcomes from waiting

Looking to raise short-term rates to around 3% over the next two or three years, she said.

Don’t want to raise rates so much that the Fed slows down an already slow-growing economy.