Fed’s Kashkari sees no need to hike rates with inflation low

(Reuters) – Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, on Tuesday repeated his view that the U.S. central bank should not raise interest rates as long as inflation remains low.

“There’s no need to snuff the economy before it really heats up,” Kashkari told the Rochester Area Chamber of Commerce, adding that while unemployment is a low 3.9 percent, wages are still growing slowly, suggesting to him that the labor market can still absorb new workers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.