Fed's Kashkari: If Fed is making a mistake, it is a small one, can recover from it
|Minneapolis Federal Reserve President Neel Kashkari is giving an interview to Reuters with the key quotes found below:
- I wish others were joining in dissents
- Tthere is 'sympathy' with my views, but people not ready to take action
- I am not sounding an alarm on Fed's monetary policy
- Fed's decision to raise rates has nothing to do with politics or the administration
- Makes no sense to have a conversation now about raising the inflation target
- I disagree with Yellen on recent rate hikes, but hope she is reappointed as chair
- I expect unnecessary market anxiety around Fed's balance sheet at July, September FOMC meetings
- Would have liked to remove anxiety by saying balance sheet wind-down would start October or November
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.