Fed's Kashkari: why raise rates when inflation is low and falling? - CNBC
|During an interview to CNBC, Minneapolis Fed president Neel Kashkari questioned the Fed's action to raise interest rates at the time when inflation is low and falling.
Key quotes:
• US inflation has fallen since March vote
• Long end of the curve has not been moving
• Can be costly if Fed raises rates just to contain the stock market
• More than a million prime-age workers on the sidelines still
• US wages are not climbing at an accelerated rate
• Some colleagues are worried that inflation pressures are building
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