The Fed: Fed’s George: Must move ‘expeditiously’ away from easy policy stance

The Federal Reserve must more swiftly away from its current monetary policy stance that is as easy as it has ever been at a time when inflation is well above the Fed’s target and labor markets are tight, said Kansas City Fed President Esther George, on Wednesday.

“Given the state of the economy, with inflation at a 40-year high and the unemployment rate near record lows, moving expeditiously to a neutral stance of policy is appropriate,” George said, in a speech to the New York Economic Club.

George,…