Fed's Kashkari: I'm more concerned about the flattening of the yield curve

Author: Adam Button | Category: Central Banks

Kashkari on CNBC

  • The flat yield curve shows us that we're close to the neutral rate
  • Inflation and wages are slowly climbing, they're not accelerating
  • We should be at neutral, but where is neutral?
  • If markets correct, that's not going to be what drives our policy
  • It's possible we could have 3% growth this year but he envisions high-2s
  • It's unclear if fiscal stimulus will raise potential growth

This is all stuff we've heard before from Kashkari. Give him and Bullard credit for making everyone talk about the yield curve.

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