Fed’s George Says a Soft Landing Still Possible for US Economy
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Kansas City Fed President Esther George, who is retiring this month, said officials don’t want to raise interest rates by so much that policy becomes overly restrictive and the economy can avoid a sharp downturn.
“This scenario — can there be a soft landing — is one we would all want to see. And there are some possibilities for that. There’s still a lot of money sitting in the checking accounts of households,” George said in a Bloomberg Television interview with Michael McKee on Friday.