Fed’s Kashkari speaking – economy not at full capacity until wages pick up

Fed's Kashkari speaking – economy not at full capacity until wages pick up Author: Eamonn Sheridan | Category: Central Banks

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Neel Kashkari, President of the Federal Reserve's Minneapolis branch is speaking. Its a 'town hall' event, Q&A with the audience.

Stay tuned, there are sure to be more comments following on his outlook for the economy and monetary policy.Here we go:

  • says he supports a rate cut in order to re-anchor inflation expectations
  • quarter point cut would not be enough of a shock – perhaps need 50bp cut
  • says he again he wants no rate hikes until inflation strengthens

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