Fed\'s George says she backed pausing rate hikes in order to assess impact

Fed's George says she backed pausing rate hikes in order to assess impact

Reuters 

(Reuters) - on Tuesday said she supported a pause in increases so that the Fed could assess how much its past hikes have slowed the

"Let's step back and see what happens," George told an audience in Kansas City, describing her support for the U.S. central bank's move last month to signal it was not preparing more rate increases for now.

George, who is a voter this year on the Fed's policy decisions, was until recently an outspoken advocate for tighter But last month she voted in favour of the Fed's policy statement that scrapped longstanding language pointing to the need for further rate increases.

On Tuesday, George said inflation pressures did not appear very strong while there were concerns about the strength of the global economy, echoing the explanation of the Fed's decision given last month by its chairman,

(Reporting by in Washington; Editing by Leslie Adler)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 06:40 IST