Esther George, president of the Federal Reserve Bank of Kansas City and a voting member of the Federal Open Market Committee this year, said she’ll be cautious when it comes to interest rate policy.
George rotates onto the FOMC once every three years. The FOMC sets the key federal funds rate. By adjusting it up or down, the Federal Reserve can cool down or heat up the economy; it’s an important body that can have a huge effect on the national economy.
George gave her first major speech of the…
Esther George, president of the Federal Reserve Bank of Kansas City and a voting member of the Federal Open Market Committee this year, said she’ll be cautious when it comes to interest rate policy.
George rotates onto the FOMC once every three years. The FOMC sets the key federal funds rate. By adjusting it up or down, the Federal Reserve can cool down or heat up the economy; it’s an important body that can have a huge effect on the national economy.
George gave her first major speech of the…