Fed's Kashkari with some dovish comments

  • Cost of labor not showing a build in inflation
  • Strong dollar will help keep down inflation
  • Inflation expectations well anchored
  • Better to have Fed policy too easy than too tight
  • Fiscal policy could boost growth but still unclear
  • Somewhat accommodative policy still correct
  • Some real estate prices elevated

Dovish comments from Kashkari aren't a big surprise but it definitely sounds like he will be leaning against anyone who wants to hike.