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Fed's Georgen: Normalization process to be a 'volatile' time

FXStreet (Bali) - Federal Reserve Bank of Kansas City President Esther George, in a speech titled “Community Bank Regulation: Intent vs. Reality”, said US consumers are spending at a steady pace, but businesses are cautious.

Further headlines (via Reuters)

US economy seems to be on a 3-pct growth trajectory

US unemployment rate is only about half-a-percentage point above full employment

Rising number of job openings in US economy also 'bodes well' for recovery

Expects to see US wage growth pick up

US inflation remains tame

The public should expect that process of normalization will be a 'volatile time'

Fed has been 'vague' about when it will raise rates; you will have to wait and see

It is important that we begin to think about liftoff from near-zero u.s. interest rates

The challenge for fed is not to wait too long to remove stimulus

I do not want to raise rates quickly, but it is critical that we begin now

I am most anxious to begin the normalization process

GBP/USD has plenty to play for, sub 1.64 handle

GBP/USD managed a score through the 1.64 handle in the US session and is holding up into the Asian day also.
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