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

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Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS News in an
interview on Sunday. Main points:</p><ul><li>
Not sure when the Fed will be done raising interest rates, making
good progress
</li><li>Will let the data
guide the fed, may or may not raise rates in September</li><li>US Economy has
remained resilient amid various shocks, will continue to monitor any
future shocks</li><li>Right now appears US
will avoid a recession and hopes that remains true</li><li>Overall the
inflation outlook is quite positive but can't prejudge it</li><li>Would not surprise
me to see unemployment tick up slightly</li></ul>

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