Federal Reserve Bank of Kansas City President Esther George warned Monday that monetary policy is on the wrong setting to deal with a rapidly growing economy, and said the process of getting it to a better place could create turbulence.
“With inflation running at close to a 40-year high, considerable momentum in demand growth, and abundant signs and reports of labor market tightness, the current very accommodative stance of monetary policy is out of sync with the economic outlook,” Ms. George said in a speech.
Ms….
