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