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KC Fed’s George: With U.S. economy doing well, be cautious on rates

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Esther George said the economy is generally strong, so it’s prudent for regulators to study the impact of last year’s interest rate cuts before making any further moves. The Federal Reserve Bank of Kansas City president delivered a speech on the economy to members of Central Exchange in Kansas City. She expects a gross domestic product of 1.75% to 2% in 2019, with positive signs in the economy slightly outweighing the negatives. George said consumer spending is strong, the housing market is…

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