Fed’s George Resumes Her Rate-Hike Push After Strong Jobs Report

  • KC Fed president says long-term ‘normal’ rate may have dropped
  • Says growth challenges require policies outside Fed’s realm

U.S. June Jobs Report Allays Concerns

Federal Reserve Bank of Kansas City President Esther George has resumed her advocacy for interest-rate increases, citing the June rebound in U.S. hiring as a key reason to push rates further above zero.

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