On January 10, PANews reported that as the new year begins, the Federal Reserve faces strong economic conditions and inflation still above its 2% target. Kansas City Fed President Esther George hinted on Thursday that he is reluctant to cut rates again. In a speech at the Kansas City Economic Club, George stated, "We are currently very close to achieving the dual goals of price stability and full employment," and that "as inflation approaches the target and economic growth shows sustained momentum, I believe we are near a point where the economy does not need to be restricted or supported, and policy should be neutral." In the current environment, "interest rates may be very close to long-term levels," George said. He added, "I favor gradual adjustments to policy and will only respond when the data trends change consistently." He also noted, "The strength of the economy gives us patience." Additionally, George indicated that the Fed is not expected to reach the 2% inflation target until 2026.