Fed's Kashkari speaking - economy not at full capacity until wages pick up
Neel Kashkari, President of the Federal Reserve's Minneapolis branch is speaking. Its a 'town hall' event, Q&A with the audience.
Stay tuned, there are sure to be more comments following on his outlook for the economy and monetary policy.
Here we go:
- says he supports a rate cut in order to re-anchor inflation expectations
- quarter point cut would not be enough of a shock - perhaps need 50bp cut
- says he again he wants no rate hikes until inflation strengthens