Fed's George sees 'upside' risks, wants further rate hikes

Kansas City Federal Reserve President Esther George sees "predominantly upside" risks to her outlook and favors further rate hikes. 

Key quotes (Source: Reuters)

• The Federal Reserve should continue to raise interest rates and "carefully calibrate its policy to lean against a potential buildup of inflationary pressure or financial market imbalances.
• Sees inflation rising to 2 percent this year. 
• Expects continued moderate economic growth and tighter labor markets. 
• Says "important" to continue raising interest rates. 
• Asset prices may have become distorted due to Fed's balance sheet.