Fed’s Kashkari has been crossing the wires, speaking at a Townhall event in Dakota. He is in a long list of Federal Reserve speakers making their opinions known, none of which have been particularly favourable to the dollar.
- Sought half-point cut in June to re-anchor inflation.
- Not at full economic capacity until wages pick.
- Wants no rate hikes until inflation strengthens.
- Quarter point cut would not be enough of a shock - perhaps need 50bp cut.
Fed speakers from earlier:
- Federal Reserve's Williams: Growth outlook outside the U.S. has dimmed
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