Feds George: Policy “not aimed” at equity markets, though it will be felt there – CNBC

　　div classBodysc17zpet90 cdBBJodivpWASHINGTON Reuters – The Federal Reserve is not targeting equity markets in its battle against inflation but that is “one of the avenues” where the impact of tighter monetary policy will be felt, Kansas City Fed president Esther George said Thursday in comments to CNBC.p

　　p“What we are looking for is the transmission of our policy through markets understanding that tightening should be expected,” George said a day after weak profits from major retailers contributed to a selloff of stocks. “It is not aimed at the equity markets in particular but it is one of the avenues through which tighter financial conditions would emerge.” pdivdivdiv classBodysc17zpet90 cdBBJodiv

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　　pp Reporting by Howard Schneiderp

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