Tags: Fed | George | Rate | Hike

Fed's George Says Rate Hike Possible This Year

Thursday, 10 Jul 2014 05:06 PM

Certain economic formulas are pointing to a Federal Reserve interest rate hike as early as this year, a Fed official said on Thursday, according to Dow Jones.

"As I look at some of the policy prescriptions that the Federal Reserve relies on, looking at formulas that help guide you on when it's time to change, many of those are already pointing to lifting off of zero as early as even this year or next year," Kansas City Federal Reserve President Esther George said, according to Dow Jones.

George, who is not a voting member on the Fed's policymaking committee, was speaking at an event to business leaders in Shawnee, Oklahoma.

George said she is concerned about the impact of higher food prices on low income households, and that she is anxious to work toward policy normalization, Dow Jones reported.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
StreetTalk
Certain economic formulas are pointing to a Federal Reserve interest rate hike as early as this year, a Fed official said on Thursday, according to Dow Jones.
Fed, George, Rate, Hike
139
2014-06-10
Thursday, 10 Jul 2014 05:06 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved