Fed’s Kashkari has been crossing the wires, speaking at a Townhall event in Dakota. He is in a long list of Federal Reserve speakers making their opinions known, none of which have been particularly favourable to the dollar.
Key comments:
- Sought half-point cut in June to re-anchor inflation.
- Fed’s Kashkari: not at full economic capacity until wages pick.
Fed speakers from earlier:
- Federal Reserve’s Williams: Growth outlook outside the U.S. has dimmed
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Fed’s Bostic: H1 growth stronger than expected
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Powell speech: Bad outcomes have happened when central bank independence is diminished
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Fed’s Bostic: Sceptical inflation expectations are weak
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Powell speech: Policy has not been as accommodative as we thought
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Fed’s Barkin: Rate cuts, if needed, would stimulate the economy in many ways
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