Fed's George says rising fuel costs not a lasting sign of upward inflation

February 25, 2021 10:40 AM EST

FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir

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(Reuters) - Kansas City Fed President Esther George, asked Thursday if rising fuel prices could create the false impression that inflation is rising, said she is watching wage trends more closely for signs of persistent inflation.

"You don't dismiss it," George said during a virtual discussion. "But it also is not something I think you will find the Fed reacting to immediately."

(Reporting by Jonnelle Marte)

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