Fed's George Says It’s Not Yet Time to Provide More Accommodation

Esther George, Kansas City Fed President, discusses the current economic outlook, emphasizing that it's not yet time to provide more accommodation without signs of economic weakening. She highlights the labor market's challenges, including hiring difficulties and wage pressures. George also addresses monetary policy, suggesting that current interest rates are at a neutral or accommodative level. She reflects on past rate decisions, noting that despite concerns, the economy continues to grow.

What is one of the main challenges businesses are facing according to Esther George?

• Reducing production costs

• Compensating their workforce

• Expanding their product lines

• Finding new markets

How has wage growth been described in recent years?

• Declining

• Stagnant

• Unpredictable

• Increasing

What does Esther George suggest about the relationship between productivity and inflation?

• Productivity decreases inflation

• Productivity gains suggest stable inflation

• Productivity increases inflation

• Productivity has no effect on inflation

How does Esther George view the current interest rates?

• Too high

• Too low

• Neutral or accommodative

• Unstable

What was Esther George's stance on the December rate increase?

• It was necessary

• It was a mistake

• It was beneficial

• It was irrelevant