Kansas City Fed President Esther George said in TV interviews today that two more rate hikes could be “appropriate this year”. And Fed aims to have a few more hikes next year around 3%.
Regarding Trump’s comments on Fed rate hikes, George said “expressions of angst about higher interest rates are not unique to this administration.. She added that “we know higher interest rates cause adjustments in the economy.”
George added that she doesn’t feel any political heat and “I don’t feel personally that it impedes our ability to make decisions.” She emphasized that “this committee is very focused on the mandate given to us by Congress to try to make decisions that are in the long-run interest of a growing economy.”
