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Fed board member criticizes low interest rates

Esther George, president of the Federal Reserve Bank of Kansas City, has cast the lone dissenting vote at the last two Fed Open Market Committee meetings.

BY BRIANNA BAILEY Modified: April 4, 2013 at 11:28 pm •  Published: April 5, 2013

EL RENO — Speaking at Redlands Community College on Thursday, Esther George, president and CEO of the Federal Reserve Bank of Kansas City, warned about the dangers of “inordinately low” interest rates, and said she believed such continued monetary policy would result in more rapid inflation.

George, one of 12...

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