Kansas City Fed President Esther George said if the Fed falls short on hitting its inflation target, it shouldn't willingly allow an overshoot of the target to average out the trend of price increases. "Fed's George Sees Trade, Foreign Slowdown as 'Biggest Risk' to Economy--2nd Update," at 1:12 p.m. EDT May 14, incorrectly stated Ms. George said the Fed should willingly allow an overshoot of the target in the 10th paragraph. (May 15, 2019)

(END) Dow Jones Newswires

May 15, 2019 17:39 ET (21:39 GMT)