Kansas City Fed says Rate Hikes “Necessary” as Weakness is “Transient”: June Rate Hike Odds Sink
mishtalk.com / Mike “Mish” Shedlock / April 18, 2017
Esther George, president and chief executive officer of the Kansas City Fed says Continuing With Rate Rises Is ‘Necessary’.
She also claims weak economic data is “transient”.
Meanwhile, the market increasingly believes the economy is weakening and rate hikes are less likely.
Federal Reserve Bank of Kansas City President Esther George said on Tuesday the U.S. central bank needs to press forward with rate rises, adding it should also begin reducing its massive balance sheet later in the year.
She said both inflation and unemployment “are in range” of where the Fed would like to be, adding urgency to the need to push short-term borrowing costs higher. “The economy looks to be on solid footing,” Ms. George said, and “there is a sense that outcomes could actually be better than expected, rather than worse.” She added the prospect of greater government stimulus by way of taxation, regulatory and spending changes could also improve the outlook.
The post Kansas City Fed says Rate Hikes “Necessary” as Weakness is “Transient”: June Rate Hike Odds Sink appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/18/kansas-city-fed-says-rate-hikes-necessary-as-weakness-is-transient-june-rate-hike-odds-sink/
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