14 Jul 2016
Fed's George: US economy is at full employment
Kansas City Fed President Esther George was on the wires last minutes, noting that moderate pace of U.S. growth has continued.
Key Quotes:
"Looks like US economy back on track in the second quarter."
"June's jobs report was surprisingly strong and welcomed."
"Strong dollar has made it more difficult for exporters."
"Labor market progress is noteworthy."
"Uncertainty around Brexit will be modest but uncertainty will be with us for quite a while."
"Keeping rates are too low for too long creates risks."
"Level Fed funds rate is too low relative to economy."
"Policy needs to continue to move at a gradual pace."