Fed’s Kashkari: “If we need to hike- raise rates further from here, we will” – full text

Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS News in an interview on Sunday.

I posted the main points here earlier:

• Fed’s Kashkari- September Federal Open Market Committee (FOMC) rate rise is data dependent

The full transcript of the interview is available here if you’d like more details:

• We need to get inflation all the way back down to 2%.
• We’re making good progress, and we’re staying on it. If we need to hike- raise rates further from here, we will do so.
• But we’re gonna let the data guide us and not prejudge the outcome.

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