Fed's Kashkari: bank has room to cut rates in a fuure downturn

Omkar Godbole FXStreet Contributor

President of the Federal Reserve Bank of Minneapolis Neel Kashkari was out on the wires a few minutes ago stating that the central bank has room to cut interest rates in a future downturn, but may also use other tools.

Kashkari, a critic of big banks, also assured markets that the big US banks are safer than they were 10 years ago.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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