Fed's Kashkari: Thinks US economy is going to grow but faces risks

Author: Greg Michalowski | Category: Central Banks

Fed's Daly and Mester are also scheduled to speak this afternoon

Minneapolis Fed Pres. Neel Kashkari is speaking at an event in New York. He says:
  • Thinks US economy is going to grow but faces risks
  • Sees Fed rates roughly around neutral
  • Ought give more support if downside risks increased
  • I'm not sure how much further we have to go
  • Not ready to completely abandon the Phillips curve
  • repo market strain was a plumbing issue
Kashkari is known as a dove. He is a non-voter in 2019.

The Fed's Mary Daly takes part in community engagement discussion in La Jolla California. There is no text and no media Q &A expected. Daly will also speak at a business lunch in San Diego at 3:30 PM ET.

Cleveland Fed Pres. Mester will be speaking at John Carroll University but not until 5:30 PM ET

In other activity this afternoon, the US treasury will complete the refunding by auctioning off  $16 billion of 30 year bonds.

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