The Traderszone Network

Published in TZ Latest News 29 May, 2014 by The TZ Newswire Staff

Fed’s George wants rate hikes soon, and not too gradual

Kansas City Federal Reserve Bank President Esther George said Thursday she is open to leaving the U.S. central bank’s balance sheet big even as it withdraws accommodation, a comment that reveals the extent of uncertainty at the Fed over future policy. The Fed’s balance sheet now tops $4 trillion after years of buying bonds to boost the economy, a policy that George has opposed for years.

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