Fed's Kashkari: We should take our time on raising rates
|Following are the key quotes crossing on the wires, via Reuters, from Neel Kashkari, president of the Federal Reserve Bank of Minneapolis:
- Fed is coming up short on both employment and inflation goals.
- Says can be patient, let economy heal, before raising rates.
- Fed factors stock market into rate decisions, but not key driver.
- Fed looks also at global factors as it tries to keep economy from getting too hot or cold.
- Strong equity market is not final goal for Fed.
- People are nervous about Brexit impact, making them less likely to invest.
- The worry with Brexit is if it could lead to end of Eurozone in future.
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