Fed's George (2016 FOMC voter, hawk): Fed should continue its gradual pace of rate increases; recent volatility is not necessarily worrisome and not unexpected
- y/y core inflation figures have risen recently
- inflation is consistent with price stability even below the 2% target level
- decision to raise rates in December was late assuming taking a path of gradual rises
- employment situation improvement expected to slow from what was seen recently
- are observing how the energy sector jobs will impact the economy