Fed’s George Says Job Gains Signal Rates Can Rise
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Federal Reserve Bank of Kansas City President Esther George said she’s encouraged by broad-based employment gains that show the world’s largest economy is strong enough to withstand higher interest rates.
“We have seen significant progress in the labor market over the last three years, and particularly this year,” George said in a Bloomberg Television interview in Jackson Hole, Wyoming. “As we look at the healing we’ve seen in the economy and that progress, we’re in a good place to begin talking about normalization.”