OMAHA — There is a reduced appetite for debt among U.S. consumers, while corporations are focused on rebuilding their balance sheets and are held by uncertainties such as future fiscal policy, despite the aggressive actions by the Federal Reserve to keep interest rates at exceptionally low levels, Kansas City Federal Reserve Bank President Esther George said Tuesday.

Speaking to students and faculty at the University of Nebraska-Omaha, George described the economy as growing slowly and in "an uneven manner". She noted that most people expect 2% growth for economy this year, and the unemployment rate, at 7.9%, to come down very slowly.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.