Central Banks

Fed’s George Says It Has to Get Rates Higher to Slow Down Demand

Kansas City Fed chief says important to clarify destination
George speaks to Bloomberg TV in Jackson Hole ahead of forum

WATCH: George says there is “room to go” on hiking rates until there is evidence that inflation is falling.Source: Bloomberg

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By Matthew Boesler

August 25, 2022 at 11:30 AM UTC

Updated on

August 25, 2022 at 11:41 AM UTC

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The Federal Reserve hasn’t yet raised interest rates to levels that are weighing on the economy and may have to take them above 4% for a time, Kansas City Fed President Esther George said.