Fed's George says wants slow but sure progress on raising rates

Fed's George says wants slow but sure progress on raising rates

© Nir Elias / Reuters

Instead, George, who spoke at a forum for minority bankers, said she wants to make sure that the Fed raises rates slowly now so it does not have to raise them quickly later. George was one of three policymakers who dissented on the Fed's decision last week to leave rates unchanged so as to allow the economy more room to generate jobs and inflation.

(Reporting by Ann Saphir; Editing by Leslie Adler)

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