Federal Reserve Bank of Minneapolis President Neel Kashkari said he’s “sympathetic” to the need to press China to engage in fair trade, yet emphasized it’s too soon to assess the full impact of the U.S.-China trade spat on the economy.
Two regional Federal Reserve bank presidents said they favor raising interest rates twice more this year following a hike this week, but were open to shifting their views if the outlook warranted a different policy approach.
A destructive hurricane season caused significant disruptions along the Gulf Coast and the southeastern United States but businesses remained optimistic about growth over the medium term, the latest Federal Reserve Beige Book survey showed Wednesday.
The Federal Reserve should not raise rates again until inflation is at the 2% target, unless unemployment falls dramatically, Federal Reserve Bank of Minneapolis President Neel Kashkari wrote in an essay published Monday.
Noting that predictions of higher inflation have been wrong for years, Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday, the Fed can afford to wait to raise rates and that’s why he’s dissented on the last two rate hikes.