If the U.S. economy were a car, and monetary policy were the accelerator, right now the pedal would be to the metal.
Esther George, president of the Federal Reserve Bank of Kansas City, said the economy is starting to gain momentum again, so now is the time to start easing off the monetary policy accelerator.
George is a voting member of the Federal Open Market Committee this year, which controls the federal funds rate, which in turn affects the rates banks charge for loans. She gave a speech Tuesday…
If the U.S. economy were a car, and monetary policy were the accelerator, right now the pedal would be to the metal.
Esther George, president of the Federal Reserve Bank of Kansas City, said the economy is starting to gain momentum again, so now is the time to start easing off the monetary policy accelerator.
George is a voting member of the Federal Open Market Committee this year, which controls the federal funds rate, which in turn affects the rates banks charge for loans. She gave a speech Tuesday…