Kashkari on (higher) Fed rates: Unlikely but “I don’t want to take anything off the table”

Federal Reserve Bank of Minneapolis President Neel Kashkari created quite the stir on Tuesday.

Fed’s Kashkari: No hurry to cut interest rates

Fed’s Kashkari: Wage growth is still quite robust relative to 2% goal

What K actually said was a topic for discussion, Adam clarified the pertinent point in a tweet so I thought I’d share it:

The fact that K felt he had to say something about it is significant but overall it’s a low-key comment.

With USD/JPY back above 157.00 I imagine there is much gnashing of teeth this morning in Japan. Expect some vderbal intervention today, at least.

This article was written by Eamonn Sheridan at www.forexlive.com. Source