Speaking on Fox News, Minneapolis Fed chief, Neel Kashkari, a new voting memebr this year, 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.
- ‘Nervousness’ over tariffs causing low business investment.
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
– Effects of a politicized Fed on markets during US election year
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