Kansas City Fed President Esther George has more power over the future of the American economy than any of the politicos who dominate your news feed.
Accordingly, we need to pay attention to her insights on a rate hike that could upend the stock market and impact the financial lives of the plebs BUT, ironically, might help to slow inflation in the long run.
Here's the word . . .
"She doesn't as yet back a 50-point hike. "If we get to March and the data says we should be talking about that [a half-point rate increase], I'm sure that will be in play, but I'm not sure that is the answer, per se, to how we get there," George said."
Read more via www.TonysKansasCity.com link . . .
In an interview with the Wall Street Journal published Monday, Kansas City Fed President Esther George said the central bank should consider asset sales but also said she wasn't convinced of the need for a 50-basis-point rate hike in March.