Fed's George speaks in Oklahoma
Another "crazy" Fed member ; )
Esther George, hawk, is on the wires saying:
- accommodative Fed policy could push inflation higher
- Outlook warrants further gradual rate hikes
- trade policy uncertainty among downside risks to the US
- anchored inflation expectations mute oil price effects
- upside risks include fiscal and financial conditions
- inflation is low and has been remarkably stable
- pace, extent of hikes are key part of fed deliberations
- risk to US economy are balanced by inflation could rise over next couple of years
