Fed's George: The stock market is an important price signal for the Fed, not surprised to see volatility

The stock market is an important price signal, Kansas City Fed President and FOMC member Ester George told Reuters on Thursday, before adding that she is not surprised to see volatility, and this is not to be dismissed, as it is a sign of tighter financial conditions. US equities had their worst day since June 2020 on Wednesday, with the S&P 500 dropping over 4.0% and Nasdaq 100 more than 5.0%.