Fed's Kashkari: Tariffs, trade wars are concerning businesses

Author: Greg Michalowski | Category: Central Banks

Fed's Kashkari speaks in Minneapolis

Minneapolis Fed Pres. Neil Kashkari is speaking in Minneapolis and says:
  • tariffs, trade war are concerning businesses
  • US job market is really not overheating
  • low wage growth means US is not at full employment
  • he does not see evidence US economy is overheating
  • he is seeing greater downside risk to global economies, will end up slowing US economy
  • until we see inflation, Fed should not tapx brakes on the US economy
  • yield curve inversion is a concerning sign, shows investors are nervous about US growth prospects
Kashkari is more of a dove. He is not a voting member in 2019, but will be voting in 2020
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