Fed’s George is Back to Her Old Ways, Clamoring for Higher Rates

Esther George is back to talking shit again. She refrained from insisting upon higher rates last month, thank to BREXIT and the week May jobs report. But she’s back, talking smack again, clamoring for higher rates.

“The economy is at or near full employment” said George, a voter this year on the policy-making Federal Open Market Committee, in a speech Monday in Lake Ozark, Missouri. “And yet short-term interest rates remain at historic lows. Keeping rates too low can also create risks.”

For the moment, the markets don’t give a shit.