Neal Kashkari (voter, dovish), President of the Minneapolis Fed, said today that the Fed’s inflation forecasts have been wrong for 5-6 years. He added that inflation expectations remain very well anchored and that there is not a threat of high inflation in the very near term.
Kashkari stressed that the Fed should tighten when data really calls for it, while US labour market still has slack.
He said markets need information on the Fed balance sheet plan, while he added there is no need to rush the process of shrinking the balance sheet.
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 securities. 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 Forex 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.