KC Fed’s George repeats call for rate hikes but says market turmoil complicates decision

27-Aug (MarketWatch) — Kansas City Fed President Esther George says the market turmoil “complicates” any decision to raise rates, but she repeated her long-held call for normalization. George, who is considered a hawk, said the market swings may have been impacted by the central bank’s moves. “I think [Fed policy] has an influence on it,” said George in an interview with CNBC. She doesn’t have a vote this year.

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PG View: George also said market volatility and disinflationary pressures are likely to persist for some time.