Fed’s Kashkari says hopes for tax cut boost

By Ann Saphir

(Reuters) – The “best hope” for the impact of the Trump Administration’s $1.5 trillion tax overhaul on the U.S. economy is that it boosts investment and thus productivity, Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday.

But whether it will do so and deliver faster economic growth in the process is unclear, he said at a dinner hosted by Bloomberg News and broadcast on the regional Fed bank’s website.

“There’s a lot of maybes hopes and wishes between here and there,” Kashkari said, saying that the Fed will respond if inflation rises too high.

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