Fed's George Says Rate Hike Possible This Year: Dow Jones

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Fed's George Says Rate Hike Possible This Year: Dow Jones

by Wochit 0:46 mins

Fed's George Says Rate Hike Possible This Year: Dow Jones

by Wochit 0:46 mins

A Fed official said on Thursday that certain economic formulas are pointing to a Federal Reserve interest rate hike as early as this year. Kansas City Federal Reserve President Esther George said "As I look at some of the policy prescriptions that the Federal Reserve relies on, looking at formulas that help guide you on when it's time to change, many of those are already pointing to lifting off of zero as early as even this year or next year." George, who is not a voting member on the Fed's policymaking committee, was speaking at an event to business leaders in Shawnee, Oklahoma.

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