Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS News in an
interview on Sunday. Main points:
-
Not sure when the Fed will be done raising interest rates, making
good progress - Will let the data
guide the fed, may or may not raise rates in September - US Economy has
remained resilient amid various shocks, will continue to monitor any
future shocks - Right now appears US
will avoid a recession and hopes that remains true - Overall the
inflation outlook is quite positive but can’t prejudge it - Would not surprise
me to see unemployment tick up slightly
This article was written by Eamonn Sheridan at www.forexlive.com. Source