Market strains warrant caution on rate hikes: Fed's George

A Federal Reserve policymaker who has argued for a near-term U.S. interest rate hike said central bankers should take a "wait-and-see" approach to tightening policy due to a financial market sell-off and China's economic slowdown. The comments by Kansas City Fed Bank President Esther George, aired on Thursday in a cable television interview, were a sign that concerns over financial market turmoil have penetrated deeply into the U.S. central bank, further reducing the likelihood of a Fed rate hik