Worries over global economic growth were set to thwart Wall Street's run to record highs on Monday.
FedEx's earnings disappointment and outlook warning earlier this week were a "wake-up call," says the "Mad Money" host.
U.S. stock futures are modestly higher, with the S&P 500 just a little more than 20 points away from July's all-time high ahead of Friday's open on Wall Street.
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.
Dow to rise; bond yields tick higher; Fed may be behind the curve; China warns US on trade; and this weekend's G-7 summit seems doomed for failure
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.
It was the third trigger of the recession indicator in less than two weeks.
President Trump's criticism isn't influencing the way Kansas City Fed President Esther George, long one of the central bank's most hawkish members, conducts policy.
The Fed should move interest rates up far enough to prevent unwanted inflation but not so fast that a recession ensues, Kansas City Federal Reserve Bank President Esther George said.
Gold bounced up from a two-month low on Friday as the dollar fell from its highest in more than seven weeks.
It's high time for the Federal Reserve to normalize and move ahead with raising rates, JPMorgan International Chairman Jacob Frenkel said.
Low inflation shouldn't stop the Fed from continuing to hike rates, Kansas City Fed President Esther George tells CNBC.