Kashkari on CNBC

  • Neutral is tough to know, that's why we watch the data so closely

  • I still see slack

  • I'm more worried that we're raising rates prematurely

  • I believe that if we were to raise rates dramatically, it would cause a recession

  • Housing and autos are catching my attention, we know higher rates are having an effect

  • The agriculture sector is under pressure from low prices and tariffs

  • 3% growth is healthy given our demographics

  • We all benefit from central bank independence

  • Jerome Powell is very focused on the data right now

  • I don't see any evidence that the US will grow more than 2% over the long term, primarily because of demographics

Kashkari is a major dove and nothing from him today has been a surprise.