Fed's George reiterates that she favors an October taper

Reuters

WASHINGTON, Oct 17 (Reuters) - The U.S. central bank shouldstart scaling back its bond-purchase program this month, KansasCity Federal Reserve President Esther George said on Thursday,repeating her view that the Fed ought to begin normalizingmonetary policy.

"I think to start that (process) now would give us time tosee how the economy reacts," she told an event in Oklahoma City.

George is a voter on the Fed's policy-setting committee thisyear and has dissented at every meeting since January againstthe Fed's ultra-easy monetary policy, arguing that this couldstoke future inflation and undermine financial instability.

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