Fed's Kashkari: No reason to hurry up and raise rates

President of the Federal Reserve Bank of Minneapolis, Neel Tushar Kashkari is making statements at the Banking Law Institute, in Minneapolis noting the following:

Key quotes (via Reuters)

  • Friday's core PCE inflation measure shows still coming up short on inflation target
  • There's no reason to hurry up and raise rates
  • There is interest among FOMC members to shrink the balance in a gradual way

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