More from Fed’s Kashkari: Rates probably have to a little higher, held there for longer

Federal Reserve Bank of Minneapolis President Neel Kashkari.

• US rates probably have to go a little bit higher, be held there for
  longer, to cool things off –
• Falling inflation
  next year might justify backing off the federal funds rate to stop it
  from getting tighter
• I am one of the FOMC policymakers who sees one more rate hike this year

Reuters note that:

• remarks made
  earlier on Monday and now posted on Minneapolis Fed website

Earlier:

• Fed’s Kashkari says there is still more to be done on services inflation

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