Esther George, a member of the US Federal Reserve and the Federal Reserve governor in Kansas City, made the following statement:
- With the US economy reaching or exceeding full employment levels, as well as the start of fiscal stimulus, raising interest rates will be more important.
- Raising interest three times this year and next year will be reasonable unless the economic outlook changes.
- Higher wages are welcome.
- Tight job market may push inflation higher.
- Fed low interest rates boosted asset prices.
- Bitcoin is still a tool of speculation.
