Feds George: Was encouraged by 3Q bounce back in economy

Fed to be continues with Fed's Esther George

• She was encouraged, surprised by 3Q bounce back in the economy
• Economy will continue to grow, but will see some moderation
• Says key risk to economy is the virus
• Says she thinks a lot about scarring to the economy, and public confidence after pandemic
• Still 10 million Americans unemployed, with women, people of color overrepresented
• Monetary policy calibration right now is appropriate
• Negative interest rates off the table in my view