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KC Fed President Dismisses Idea Of Cutting Interest Rates

KC Fed President Dismisses Idea Of Cutting Interest Rates
A Fed president has poo-pooed the idea that the Federal Reserve should cut interest rates to boost low inflation.Sunday, Kansas City Federal Reserve Bank President Esther George said doing so could create financial imbalances.In current circumstances, concern about low inflation seems unnecessary. Esther George Kansas City Federal Reserve BankIn prepared remarks, George said hitting the Fed's 2% inflation target spot on is difficult.