Fed’s George: I increases support for gradual interest rate

FXStreet – The Fed Chief of Kansas City, Esther George (non-voting) said that the balance-sheet total should be reduced this year.

Important Quotes:

The Federal Reserve should reduce, in this year, the reinvestment in long-term Treasuries and Mortgage-backed securities.

The reduction in the size of the balance sheet total should be put on Autopilot.

The case means the end of unemployment, that an adjustment of monetary policy is of great importance.

I increases support gradual rate.

** FXStreet News Editorial, FXStreet**

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