Kansas City Fed president George: Not sure that monetary policy is the appropriate tool to offset weakness in manufacturing and business investment

Market news

18 October 2019

Kansas City Fed president George: Not sure that monetary policy is the appropriate tool to offset weakness in manufacturing and business investment

U.S. economy is generally performing well
Moderation in economy this year is in line with outlook
She is mindful that rate cuts could increase financial instability which Fed has limited ability to counteract
Corporate debt continues to rise to high levels and lower capital levels at largest banks could be costly to employment and growth
She will remain attentive to incoming data for signs of downside risks to the US economy

Minneapolis Fed president Kashkari: Not forecasting recession, but risks to downside have increased over the last six months

ECB's president Draghi: Resilience of the eurozone banking sector remained solid

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