Fed’s George is a Moron; Cites Inflation Risks to the Economy in Hawkish Speech

Kansas City is an absurd part of the United States. It houses the most uncouth athletes, analysts, and Fed heads in the entire country. Today, as the market reeled lower, Fed’s George felt it was incumbent upon her to reiterate her distorted and hawkish views on the economy, suggesting we all shut the fuck up and get used to an onerous Fed policy, which is out to slay the windmills in our midst.

“My own view is that a pickup in economic growth, steady job gains and modestly higher core rates of inflation will warrant further increases,” George said in prepared remarks in Kansas City, Missouri, before the Central Exchange.

“Even looking at developments so far this year, financial markets have been quite volatile. While taking a signal from such volatility is warranted, monetary policy cannot respond to every blip in financial markets,” she said.

“While a single quarter of slower growth is important to watch, I take reassurance that the economy remains on track due to strong job gains. In fact, job gains actually picked up toward the end of last year. Looking at longer trends, employment growth has been quite strong over the past few years. More jobs were added in both 2014 and 2015 than in any year since the late 1990s.”

“Finally, inflation has remained muted as a result of lower oil prices and the strong U.S. dollar. Recent movements in each of these have been quite large by historical standards. Yet, despite these headwinds, core measures of inflation have recently risen on a year-over-year basis. And although inflation rates over the past few years have hovered below the Fed’s goal of 2 percent, they have been positive and broadly consistent with price stability.”

Yes, she actually cited inflation risks to the economy, in a speech given today.

We are entirely screwed.