What’s the rush to raise rates? - FOMC's Kahkari - BBG

Eren Sengezer FXStreet

Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, said that the data are basically moving sideways, so I’m asking, what’s the rush to raise rates, in an interview on Bloomberg Television Monday.

Key quotes (via Bloomberg)

We do not have a high-inflation threat right around the corner
I’d be very surprised if core inflation reaches 2 percent this year
When the data really call for it, then we should remove accommodation

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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