In an interview with Stifel Financial on Friday, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, said that he is not forecasting a recession but added that risks to the downside have increased over the last six months.
"The US economy is sending mixed signals," Kashkari said. "Consumers are strong, but businesses appear to be nervous, pulling back on spending and hiring."
The US Dollar Index largely ignored Kashkari's comments and was last down 0.12% on the day at 97.45. Below are some additional quotes, per Reuters.
"Europe, Germany, China are slowing, and the US will feel that."
"The yield curve is signalling the Fed policy may be slightly contractionary."
"Monetary policy should be somewhat accommodative in light of the risks we are seeing."
"I expect the inflation to undershoot 2% target for the foreseeable future."
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.