Fed's George: Time to talk about rates lift-off

FXStreet (Bali) - President of the Federal Reserve Bank of Kansas City, Esther George, a non-voter of the FOMC in 2015, is speaking at a Council for Economic Education event, noting that "its time for the Fed to talk about rates lift-off."

Additional headlines

We need to begin to pull back on some monetary accommodation

Monetary policy is a blunt tool, operated with a lag

Very low interest rates encourages reach for yield

More transparency won't compromise Fed independence

Not bothered by current level of inflation, expects it to rise in the next few years

Policy action taken today will take time to be felt