The Fed: Fed’s George says inflation is fine where it is

Bloomberg News/Landov
Kansas City Fed President Esther George, one of the most hawkish regional Fed presidents, agrees the central bank can be ‘patient’ about future interest-rate adjustments.

Kansas City Fed President Esther George on Wednesday said she’s not worried about the inflation outlook and doesn’t see the need to overhaul the central bank’s policy of aiming for a 2% annual inflation target.

“The current outlook for inflation appears to be benign, and I consider the recent behavior of inflation to be broadly consistent with our price stability mandate,” George said in a speech prepared for delivery to The Money Marketeers of New York University.

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