Another Fed Official Backs Paring Bond Holdings This Year

Another Federal Reserve policymaker on Tuesday backed an emerging U.S. central bank plan to begin trimming its bond holdings later this year, as Kansas City Fed President Esther George warned against waiting too long in order to “overheat” labor markets.

George, a hawkish official who has urged the Fed to hike interest rates, said in a speech the U.S. economy was on “solid footing” with positive surprises more likely than negative ones.

George’s support of a prompt and gradual process of paring some of the central bank’s $4.5 trillion in assets puts her in the majority of colleagues at the Fed.

She added that it should be done “on autopilot,” and not adjusted in reaction to short-term economic data, and that there may be “some tradeoff” with the Fed’s parallel plan to raise rates about three times per year.

“I would support beginning the process of reducing the balance sheet



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!