KC FED’S GEORGE: SPEED AT WHICH INTEREST RATES SHOULD RISE “AN OPEN QUESTION,” MOVING TOO FAST RISKS “OVERSTEERING”
GEORGE: RECESSION PROJECTIONS “SUGGEST TO ME” THAT RAPID RATE HIKES RISK TIGHTENING FASTER THAN THE ECONOMY AND MARKETS CAN ADJUST
KC FED’S GEORGE: SPEED AT WHICH INTEREST RATES SHOULD RISE “AN OPEN QUESTION,” MOVING TOO FAST RISKS “OVERSTEERING”
GEORGE: RECESSION PROJECTIONS “SUGGEST TO ME” THAT RAPID RATE HIKES RISK TIGHTENING FASTER THAN THE ECONOMY AND MARKETS CAN ADJUST