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.
