Fed's George wants to put QE 'in a box,' never to be reopened

Kansas City Fed President Esther George said Friday she hoped the central bank would put its "quantitative easing" bond-buying program "in a box" and not used again, according to a report by Reuters. In a speech in Oklahoma City, George said she was pleased with the muted reaction in the market to the Fed decision Wednesday to start the plan to allow assets to run off the balance sheet. George, who will not be a voting member of the Fed policy committee until 2019, said the recent spate of low inflation readings is no reason for the Fed to delay further interest rate hikes....(read more)

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