July 10 Certain economic formulas are pointing
to a Federal Reserve interest rate hike as early as this year, a
Fed official said on Thursday, according to Dow Jones.
"As I look at some of the policy prescriptions that the
Federal Reserve relies on, looking at formulas that help guide
you on when it's time to change, many of those are already
pointing to lifting off of zero as early as even this year or
next year," Kansas City Federal Reserve President Esther George
said, according to Dow Jones.
George, who is not a voting member on the Fed's policymaking
committee, was speaking at an event to business leaders in
George said she is concerned about the impact of higher food
prices on low income households, and that she is anxious to work
toward policy normalization, Dow Jones reported.
(Reporting by Michael Flaherty; Editing by Paul Simao)