It’s time for higher rates – Fed’s E.George

Esther George, President of the Kansas City Fed and the most hawkish FOMC member, said it is time for the Fed to hike rates.

E.George remains confident that consumer prices are moving towards the 2% inflation target, while results from the labour market keep suggesting continued progress.

Regarding her dissent at the latest FOMC meeting, George felt it was time to remove some accommodation on rates.