Fed's George Sees Another 2017 Rate Hike Despite Low Inflation
- Kansas City Fed chief hosting annual Jackson Hole conference
- George said important not to focus on price point estimates
George Sees Another 2017 Hike Despite Low Inflation
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Federal Reserve Bank of Kansas City President Esther George said if U.S. economic data hold up, there will probably be an opportunity to raise interest rates again in 2017.
“I’ll be looking at the data in the next few weeks as we get ready for the September meeting, and see whether that still makes sense,’’ George said, referring to another interest-rate increase this year. “Based on what I see today, I think there’s still opportunity to do that,’’ she told Bloomberg Television’s Mike McKee in an interview recorded on Wednesday in Jackson Hole, Wyoming.