Fed's Kashkari speaking - economy not at full capacity until wages pick up

Author: Eamonn Sheridan | Category: Central Banks

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

Neel Kashkari, President of the FederalReserve's Minneapolis branch isspeaking. Its a 'town hall' event, Q&A withthe audience.

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