An interview with Federal Reserve Bank of Minneapolis President Neel Kashkari

K is towards the dovish end of the FOMC spectrum so please read his comments with that in mind.

On threats to the US economic expansion

  • "It could be a spark in emerging markets like we're seeing in Turkey … that could potentially trigger a crisis of confidence, and could spill over globally into the U.S.
  • It could be something coming from the trade battles that are being taken right now.
  • It also could be done by us -- it could be done by the Fed raising interest rates -- when the economy can't sustain it
  • I've also been saying that we're raising interest rates too aggressively. We might keep raising interest rates, and the economy can't take it, and we put the country into recession"

The interview, I'm told, aired Tuesday evening in the US but note its from August 27

Link is here to the transcript