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Fed’s Kashkari: would like the Fed to hold off on tightening until inflation was above 2%

Fed’s Kashkari is speaking on a panel at Winona State University's Town Hall Forum, in Minnesota. Fed’s Kashkari is a voting member and a dove.

Comments as follows:

  • Right now Fed does not see signs of an impending correction that will lead to a terrible crisis.
  • Doesn't think that raising interest rates to bring down the stock market is a good idea.
  • Sees no reason to tap the brakes on the economy.
  • Sees no reason to raise rates when inflation continues to run low.
  • Trump is making thoughtful, reasonable appointments to Fed Board.
  • He is positive about how Fed staffed and where it is heading. 
  • Would like the Fed to hold off on tightening until inflation was above 2% and that the hikes may have slowed the recovery.  

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