Fed's George: Prepared for rate hike, despite selloff
August 27, 2015 at 06:30 AM EDT
Federal Reserve Bank of Kansas City President Esther George said Wednesday it's important for the nation's central bank to understand this week's extreme stock market volatility, but cautioned that markets are focused on the near term. Asked whether the market movements will influence the Fed's decision to raise rates, she said, "Policy makers are always trying to divine whether the forecast ...