Fed’s Kashkari says rates are ‘close to neutral’

Minneapolis Federal Reserve President Neel Kashkari told CNBC on Friday that he believes interest rates are “close to neutral”.

Interest rates should not go up when job creation remains strong and inflation continues to be tame, Kashkari told CNBC, adding that raising rates too forcefully before necessary could risk causing a recession in the U.S. economy.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell