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Fed George: Risks to growth “predominately to the upside”

Kanasa City Fed President Esther George (a known hawk) said

  • “Risks to the outlook appear to be predominately to the upside,”
  • Fed should “carefully calibrate its policy to lean against a potential buildup of inflationary pressure or financial market imbalances.”

“Predominately to the upside” is in-line with her hawkishness. Other members generally see risks to be “roughly balanced”.

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