Esther George, president of the Federal Reserve Bank of Kansas City, was once again the sole vote against the Federal Open Market Committee’s decision to keep the federal funds rate near zero and to continue quantitative easing to stimulate the economy.
The federal funds rate is a key short-term interest rate that affects the rates banks charge for loans and pay for savings. Quantitative easing involves the Federal Reserve buying long-term securities that banks and other financial institutions…
Esther George, president of the Federal Reserve Bank of Kansas City, was once again the sole vote against the Federal Open Market Committee’s decision to keep the federal funds rate near zero and to continue quantitative easing to stimulate the economy.
The federal funds rate is a key short-term interest rate that affects the rates banks charge for loans and pay for savings. Quantitative easing involves the Federal Reserve buying long-term securities that banks and other financial institutions…