Fed Official Hits Hawkish Note on Inflation, Says It Is ‘Very Broad-Based’ and ‘More Work to Be Done’

Fed Official Hits Hawkish Note on Inflation, Says It Is ‘Very Broad-Based’ and ‘More Work to Be Done’
Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colo., on Oct. 6, 2019. Ann Saphir/Reuters
Bryan Jung
Updated:
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Despite calls for a tighter monetary policy to fight high inflation, Federal Reserve policymakers have yet to commit to the size of the next rate increase at its policy meeting in September, said Esther George, president of the Federal Reserve Bank of Kansas City.

It also remains far from clear whether the easing of U.S. inflation rates in July is the start of a downward trend, according to George during an interview with CNBC on Aug. 25, at the start of the Fed’s summer conference in Jackson Hole, Wyoming.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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