Ex-US Fed President Explains Logic Behind FOMC Rate Hike 'Pause'

Ahead of the US Federal Reserve‘s Federal Open Market Committee (FOMC) meeting, former Kansas City Fed President Esther George seconded the majority financial market participants’ view that the central bank may likely be doing away with interest rate hikes over the next few months. This comes amid widespread expectation that the Fed may maintain the current target rate at 525-550 bps.