KANSAS CITY, Mo., March 28 A top Federal Reserve
official who has often warned about the risks of keeping
interest rates too low for too long said Friday that she cannot
say when she would prefer to raise rates, or how fast she would
like to raise them.
"I don't think it would be fair to say I have a date in mind
or a path in mind," for the appropriate timing of the Fed's
first rate increase, Kansas City Federal Reserve Bank President
Esther George told the Central Exchange. "We are in a place now
where we have to be very careful and think about how we are
beginning to withdraw stimulus."
She told reporters later that the Fed must complete the
winding down of its bond-buying program before it can raise
"The risk I see is being too low for too long," she said.
(Reporting by Carey Gillam; Writing by Ann Saphir; Editing by