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Kansas City Federal Reserve President Esther George sees "predominantly upside" risks to her outlook and favors further rate hikes. 

Key quotes (Source: Reuters)

  • The Federal Reserve should continue to raise interest rates and "carefully calibrate its policy to lean against a potential buildup of inflationary pressure or financial market imbalances.
  • Sees inflation rising to 2 percent this year. 
  • Expects continued moderate economic growth and tighter labor markets. 
  • Says "important" to continue raising interest rates. 
  • Asset prices may have become distorted due to Fed's balance sheet. 


source: fxstreet