Fed’s Kashkari: Sought half-point cut in June to re-anchor inflation

Ross J Burland FXStreet

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.

Key comments:

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:

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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