Can see Fed Pres. Esther George
The Kansas City Fed Pres. Esther George (voting member in 2022) is to retire in January 2023. The search for a new Kansas City Fed Pres. has begun.
Recent comments from Monday from George:
- Further war-related production delays and lockdowns could raise inflation and mean more Fed intervention
- War, or China lockdowns, on the other hand, might slow growth and trim inflation
- The pandemic may have harmed irreversibly the productive potential of the economy
I expect the Fed's policy rate to be in the neighborhood of 2% by August
Evidence inflation is clearly decelerating will inform judgments about further tightening
Inflation is too high and too broad to dismiss; returning it to the Fed's 2% target goal is 'top priority'
Surplus household savings are a crucial wildcard for the demand forecast
- Road ahead will be bumpy
- Wants to see inflation moving down in a convincing fashion
- Cost of higher interest rates is difficult for politicians to accept
Given the difficulty of being a central banker these days, it is no wonder she seems so angry/serious.
Here is a picture of her in retirement.
Esther George in retirement
