INSUBCONTINENT EXCLUSIVE:
By Christopher CondonFederal Reserve Bank of Kansas City President Esther George favors two additional interest-rate increases this year as
long as the United States economy continues to gradually improve, adding that criticism by President Donald Trump will not influence the
Kathleen Hays in an interview on Bloomberg Television in Jackson Hole, Wyoming.
Trump complained to wealthy Republican donors at a Hamptons
fundraiser on Friday that he expected Jerome Powell to be a cheap-money Fed chairman and instead the man he picked for the job had raised
formally underway with a dinner at 8 p.m
Powell headlines the conference with a speech at 10 a.m
Friday on monetary policy in a changing economy.
September HikeFed officials are getting ready to raise interest rates again next month amid
an intensifying debate on how much higher to go amid strong labor markets and robust growth, minutes of their July 31-Aug
1 meeting released in Washington on Wednesday showed
Investor expectations for a move next month are above 90 percent according to pricing in interest rate futures markets.
The United States
economy expanded at a 4.1 percent pace in the second quarter and tracking indices from the New York and Atlanta Feds show it continues to
ending June.
George suggested the more difficult debates facing the Fed revolve around how far it will raise rates before at least pausing
