Fed's Kashkari says he's not convinced FOMC rate hikes are over
<p>more to come</p><p>Minneapolis Federal Reserve Bank President Neel Kashkari in the <a href="https://www.wsj.com/articles/feds-neel-kashkari-not-convinced-rate-hikes-are-over-cefe28bc" target="_blank" rel="nofollow">Wall Street Journal (gated</a>) </p><ul><li>“Undertightening will not get us back to 2% in a reasonable time,” </li><li>has concerns about inflation “ticking up again. That’s what I’m worried about.”
</li><li>some prices and wages data indicate that inflation could be “settling somewhere north of 2%, and that would be very concerning to me.”</li><li>said that he needed more information to come to a firm decision on interest-rate steps moving forward. “I am not ready to say we are in a good place,” </li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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