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
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.