Esther George said that returning the U.S. to a more normalized monetary policy requires a carefully orchestrated, gradual approach to avoid sparking a recession.
George, president of the Federal Reserve Bank of Kansas City, was the keynote speaker at an economic forum Wednesday in Denver. Foremost on her mind was the unprecedented and highly complicated effort it will take for the Federal Open Market Committee (FOMC) to begin moving toward a more normalized monetary policy.
Although the FOMC has…
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