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Fed’s George Says Inflation Will Guide Moves After Rates Hit 2%

  • Kansas City Fed leader says slowing inflation is top priority
  • An excessively tight labor market is boosting prices, she says
Esther George
Esther GeorgePhotographer: Daniel Brenner/Bloomberg

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Federal Reserve Bank of Kansas City President Esther George said she expects the central bank to raise interest rates to 2% by August, with the further course of tightening being guided by how surging inflation cools off.