Economics
Fed’s George Says Balance-Sheet Cuts May Allow for a Flatter Rate Path
- Kansas City leader says steep rates could flatten yield curve
- George warns about costs associated with big balance sheet
Esther George
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
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Federal Reserve Bank of Kansas City President Esther George said the central bank could take less aggressive actions in raising interest rates by shrinking the balance sheet more forcefully, which she said could help to avoid dangerous financial imbalances.