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Just to make aware, Fed's George (voter,........>

FED
FED: Just to make aware, Fed's George (voter, hawk) is currently speaking at the
opening reception and dinner of the Jackson Hole Symposium, as is the norm.
- We haven't seen anything hit the wires as of yet, and we may not see anything
from this address at all.
- As a reminder, she spoke earlier on Thursday and was unsurprisingly wary of
easing of MonPol: "As I look at where the economy is, it's not yet time, I'm not
ready, to provide more accommodation to the economy without seeing an outlook
that suggests the economy is getting weaker," George told Bloomberg
Television..." Easing policy is not a free choice," George said. "It, remember,
pulls forward demand. It can make leverage more attractive. And I think,
depending on where you think you are in the business cycle, it can create more
risk."
- The latter part (re downside to easing policy) sounds a lot like recent
comments from Boston's Rosengren, her fellow dissenter at the July meeting.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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