Fed’s Kashkari: seems much more likely Fed will achieve inflation target

Comments crossed the wires from the Minneapolis Federal Reserve President Neel Kashkari, as he speaks in a Wall Street Journal (WSJ) interview.

Key Headlines:

Fiscal stimulus supporting gradual rate hikes.

Tax cuts, spending boost are 'macroeconomically significant'.

Seems much more likely Fed will achieve the inflation target.

Declines to comment how many more rate increases he sees fit this year.

Once inflation target is reached, should try to get to neutral rate in a reasonable period of time.

The trade war is the worst possible outcome in the trade rhetoric.

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