Fed's Foster: Early rate hikes can foster financial stability

FXStreet (Bali) - Esther George, president of the Federal Reserve Bank of Kansas City, is speaking at a BIS event in Manila, noting that early rate hikes can foster financial stability, Reuters reports.

Additional headlines via Reuters

Modest tightening early in an economic recovery can reduce risk-taking

Monetary policy runs risk of remaining overly accommodative following a downturn

Using monetary policy to prick bubbles after they have formed can "end poorly"

Easing can lower risk premiums, sowing seeds for financial instability

Monetary policy has central role in safeguarding financial stability