Fed’s George Says Low Rates Risk Stoking Inflation Surge
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Federal Reserve Bank of Kansas City President Esther George said the Fed’s record stimulus may fuel the risk of financial instability and a surge in inflation.
“A prolonged period of zero interest rates may substantially increase the risks of future financial imbalances and hamper attainment of the” Fed’s 2 percent inflation goal, George said today in a speech in Kansas City, Missouri.