Fed's Kashkari: why raise rates when inflation is low and falling? - CNBC

Haresh Menghani FXStreet

During an interview to CNBC, Minneapolis Fed president Neel Kashkari questioned the Fed's action to raise interest rates at the time when inflation is low and falling.

Key quotes:

• US inflation has fallen since March vote
• Long end of the curve has not been moving
• Can be costly if Fed raises rates just to contain the stock market
• More than a million prime-age workers on the sidelines still
• US wages are not climbing at an accelerated rate
• Some colleagues are worried that inflation pressures are building

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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