ooking around at the (compared to previous years) healthy state of Americans savings accounts, the Kansas City Federal Reserve Bank president Esther George recently pointed to them as a reason to keep interest rates higher and for longer, because if those savings are spread more evenly across the
Date: Nov 26, 2022
Category: Business
Source: Google
Speech by Vice Chair Brainard on FedNow - Federal Reserve Board
Lael Brainard, "Supporting Fast Payments for All" (remarks at the Fed Payments Improvement Community Forum, Chicago, October 3, 2018); Esther George, "From Then to FedNow: Payments Innovation and the Federal Reserve (PDF)," Policy Perspectives (Kansas City: Federal Reserve Bank of Kansas City, Dece
Date: Aug 29, 2022
Category: Business
Source: Google
Crypto market goes red with over $500M liquidations in 24 hours
The economic rebound appears to be floundering as traders have difficulty deciphering the Federal Reserves position on interest rates. On Thursday, two Federal Reserve members, James Bullard and Esther George gave opposing views on the size of the next interest rate increase. Both agreed on the nec
Date: Aug 20, 2022
Category: Business
Source: Google
Fed officials sharply divided over September rate cut
The September rate cut, which followed a cut in July that was the first in a decade, was approved on a 7-3 vote. Two Fed officials, Esther George, president of the Fed's Kansas City regional bank, and Eric Rosengren, president of the Boston bank, dissenting in favor of no cut.
t. Louis, wanted a more drastic half-point rate cut and voted against moving by just a quarter point. Esther George, who heads the Federal Reserve Bank of Kansas, and Eric Rosengren, who heads the Federal Reserve Bank of Boston, thought that the central bank should keep borrowing costs steady. Ms. G
Date: Sep 18, 2019
Category: Headlines
Source: Google
Fed approves quarter-point rate cut but is divided on further action this year
While the committee as a whole has not pointed to further cuts, divisions remain among individual policymakers. Three Fed regional presidents Esther George of Kansas City, Eric Rosengren of Boston and James Bullard of St. Louis each voted no. George and Rosengren have said they prefer to keep th
Date: Sep 18, 2019
Category: Business
Source: Google
Stocks, Bonds Whipsawed by Mixed Data and Fedspeak: Markets Wrap
Traders assessed reports showing labor-market strength and U.S. factory activity contraction. Fed Bank of Kansas City President Esther George said the U.S. doesnt need lower rates and her Philadelphia counterpart Patrick Harker said hes "on hold" right now for further easing. Most European bonds f
In aninterview with Yahoo Finances Brian Cheungat the Jackson Hole conference, Federal Reserve Bank of Kansas President Esther George said, its too soon to judge how the real economy is going to be affected by trade uncertainty, suggesting easier monetary policy may not necessarily be the Fed