Fed's George: Economy's Ready, ‘It's Time' To Raise Rates

Federal Reserve Bank of Kansas City President Esther George said Tuesday "it's time" for the U.S. central bank to raise short-term interest rates to reflect solid improvements in the economy. The current level of near zero short-term rates, set at emergency levels to deal with deep economic problems, "do not seem needed anymore," Ms. George said. "We should now be beginning to think about a rise in...(read more)

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