Kansas City Fed’s George Warns ‘Abrupt’ Rate Changes Could Strain Economy

Reuters, July 11, 2022–Howard Schneider
Abrupt changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable given the uncertainty about how hard and fast rate hikes will hit business and household spending, Kansas City Fed president Esther George said on Monday.
https://www.reuters.com/markets/us/kansas-city-feds-george-warns-abrupt-rate-changes-could-strain-economy-2022-07-11/