Federal Reserve official disagrees with monetary policy decisions
The head of the 10th Federal Reserve District, which includes Oklahoma, thinks the Federal Reserve should stop trying to stimulate the economy and cut unemployment through its monetary policy.
The head of the Federal Reserve region that includes Oklahoma thinks the Fed may be overreaching in its latest round of bond-buying aimed at boosting the economy and bringing down unemployment.
Esther George, president of the Kansas City Federal Reserve Bank, stands Tuesday in the lobby of the bank’s Oklahoma City branch. Photo by DON MECOY, THE OKLAHOMAN
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“I was not in favor of doing more. We have done a lot,” said Esther L. George, president of the Kansas City Federal Reserve Bank. George spoke Tuesday at the bank’s Oklahoma City branch....
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