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9 Jan 2020
Fed's Kashkari: Improvements in could lead to ginas in optimism
Speaking on Fox News, Minneapolis Fed chief, Neel Kashkari, has said that he is not in his current forecast to see a recession in next year or two.
Key comments
- Fed is in a much better position to lift inflation now that rates are on pause.
More to come...
About Kashkari:
Kashkari (dove): Minneapolis Fed chief, Neel Kashkari, was advocating rate cuts as inflation was subdued. He will likely pipe down if commodity prices indeed head higher. Oil is now above $61bbls and that is something to monitor in 2020 considering the Chinese trade deal and OPEC+ accord. He argues, however, that the Fed should commit to not raising rates again until core inflation rises back to 2% on a sustained basis.
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