Neel Kashkari is the President of the Federal Reserve Bank of MinneapolisSpeaking at a town hall event, answering questions from the audience
- Do not see signs that the u.s. economy is close to overheating
- Don’t see inflation out, no need to press the brakes
Kashkari, with his usual less than hawkish take on the economy so far.
- Believes that there is slack in the labour market are not accounted for in national statistics
- Fed should be under no pressure to increase the rate, it is time for inflation to the rise of the objective
If Kashkari keeps this kind of » no increase comment, it’s going to be in the running to be the new Chairman of the Federal Reserve … this is music to the ears of the american administration. Amiright?