Fed's George calls for shift to neutral stance quickly - Breaking The News

Fed's George calls for shift to neutral stance quickly

30 March

1 min read

EPA-EFE/SHAWN THEW

Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther George stated on Wednesday that "moving expeditiously to a neutral stance of policy is appropriate."

A "steady, deliberate" move away from the easy monetary policy is needed as inflation is "at a 40-year high and the unemployment rate [is] near record lows," she noted at The Economic Club of New York-organized virtual event.

The Fed's balance sheet, currently standing at "a record $9 trillion," affects longer-term yields, according to the policymaker. George stressed that her "view is that an inverted curve has implications for financial stability."

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