Fed Kashkari Doesn’t Believe Infrastructure Spending Would Boost Growth

Minneapolis Federal Reserve Bank President Neel Kashkari said Monday he does not believe that spending more to build roads and airports would necessarily result in faster U.S. economic growth.

“I don’t see infrastructure holding back our economic growth,” Kashkari said at the Fink Investing Conference at UCLA Anderson, adding that while it is possible better infrastructure could boost productivity, the best thing to spend money on would be the U.S. education system. President Donald Trump has promised an increase in infrastructure spending as part of his economic plan.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza