George: Fed’s balance sheet creates uncertainty for interest rates

The president of the Federal Reserve Bank of Kansas City said the economy is ripe for an increase in interest rates, but the move must be made carefully. Speaking Tuesday at the Federal Reserve Bank of KC's agricultural symposium, Esther George said the Federal Open Market Committee must thread the needle between raising interest rates too slowly and doing so too quickly. George is an alternate member of the FOMC, which sets the key federal funds rate. By adjusting the rate, the Federal Reserve…