Fed's Kashkari: Fed's rate hikes may be causing ‘real harm’ to US economy
|Minneapolis Federal Reserve Bank President Neel Kashkari gave his remarks at the University of Minnesota's business school, with the key quotes, via Reuters, found below:
- There may be a lot more slack in the labor market than the Fed appreciates
- Fed may be allowing inflation expectations to slip
- Maybe Fed's rate hikes are doing real harm to the US economy
- Fed's premature rate hikes are not free in terms of inflation, job growth
- Rational immigration policy that meets needs of economy makes a world of sense
- A stock market correction has less chance of triggering a crisis than a housing crash
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.