Fed's Kashkari: Today's CPI report was another reason to wait rather than hiking

Author: Adam Button | Category: Central Banks

Kashkari in Minnesota:

  • We're not exactly sure why inflation has been low
  • Data has supported my perspective on monetary policy
  • Fed has the luxury to see what actually happens
  • Why do we need to cool the economy down?
  • Inflation hasn't increased with tightening labor market
  • There more be more slack than we think
  • I don't see evidence inflation will take off
  • It's unlikely a stock market correction would lead to crisis

Dovish stuff from Kashkari, as he takes a bit of a victory lap.