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MNI BRIEF: 75BP Hike Adds To Policy Uncertainty - Fed's George

(MNI) Washington

KC Fed President says "significant and abrupt changes can be unsettling."

True

Kansas City Fed President Esther George dissented against this week's FOMC decision to hike rates by 3/4 of a percentage point because she worried about adding to policy uncertainty as the Fed embarks on both rate hikes and balance sheet runoffs.

"I viewed that move as adding to policy uncertainty simultaneous with the start of balance sheet runoff," George said in a statement Friday.

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Kansas City Fed President Esther George dissented against this week's FOMC decision to hike rates by 3/4 of a percentage point because she worried about adding to policy uncertainty as the Fed embarks on both rate hikes and balance sheet runoffs.

"I viewed that move as adding to policy uncertainty simultaneous with the start of balance sheet runoff," George said in a statement Friday.

Keep reading...Show less