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

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