Former President of the Kansas City Federal Reserve Bank talks recession, not raising interest rates too quickly

Former Kansas City Federal Reserve President Esther George called on the Fed to act sooner to head off inflation, a call not heeded by the Federal Reserve. 

Then, as a voting member of the Federal Open Market Committee last year, George voted against a three-quarters of a percent raise in interest rates. 

George doesn’t see a contradiction in her action. . .

George says that while she believes the Federal Reserve took too long to act, it must be cautious not to raise rates too quickly and send the economy into recession. 

George, a native of Faucett, served as Kansas City Fed president from 2011 until the end of January when Fed policy forced her to retire.