Economics
Fed’s Top Inflation Hawk Isn’t Opposed to Overshooting 2% Goal
- Kansas City Fed chief George more concerned with disinflation
- George to host virtual Jackson Hole monetary policy symposium
This article is for subscribers only.
Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.
“I have never thought of 2% as a ceiling but to really stay focused on what anchors inflation expectations in the economy,” George said in a Bloomberg Television interview with Michael McKee broadcast Wednesday, on the eve of her bank’s annual policy symposium, usually held in Jackson Hole, Wyoming. “From a communications standpoint, I think we will be talking about the kinds of things that help us do a better job of achieving our objectives.”