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Fed’s George: Case for continuing to eliminate policy accommodation is clear cut

“A reliable path of rate hikes, predictable adjustments predicated on data could improve market functioning, facilitate balance sheet runoff,” Kansas City Fed President Esther George said on Friday, as reported by Reuters.

Additional takeaways

“For interest hikes, steadiness and purposefulness over speed.”

“Case for continuing to eliminate policy accommodation is clear cut, but peak policy rateis likely just speculation at this time.”

“Sustained policy responserequired to handle inflation; only careful observation of the economy will show just how much more tightening is necessary.”

“Fed should clearly signal resolve to shrink the total amount sheet.”

“There could be advantages to announcing desired reserve levels because the balance sheet shrinks.”

Market reaction

THE UNITED STATES Dollar Index showed no immediate a reaction to these comments and was last seen losing 0.6% on your day at 109.00.

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