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:

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