FOMC Meet­ing Its In­fla­tion, La­bor Goals, Ge­orge Says

The Bond Buyer - - Market News - — Gary E. Siegel

Ad­vo­cat­ing grad­ual rate hikes, Fed­eral Re­serve Bank of Kansas City Pres­i­dent Es­ther Ge­orge said Wed­nes­day the Fed­eral Open Mar­ket Com­mit­tee “is, by his­tor­i­cal stan­dards, meet­ing the dual man­date” on in­fla­tion and la­bor.

Even so, Ge­orge told the Cen­tral Ex­change in Kansas City, Mo. the bench­mark “in­ter­est rate re­mains below FOMC par­tic­i­pants’ es­ti­mate of its longer-run level.”

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