Name: Esther L. George
Summary: The U.S. Outlook and Monetary Policy: "If we wait for the data to provide complete confirmation before making a policy decision, we may well have waited too long. Likewise, policy may be faced with altering its trajectory if the economy’s progress points to a different outlook. But in the absence of any substantial shift in the outlook, my view is that the Committee should continue the gradual adjustment of moving rates higher to keep them aligned with economic activity and inflation. These actions are often difficult, but also necessary to keep growth in line with the economy’s long-run potential and to foster price stability."
Lean: Hawkish
Substantially Similar to Prior Statements: No
Statement Date: February 2, 2016
Publication Date: February 2, 2016
All Members All Statements