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Fed: Housing remains an area I am focused on — Neel Kashkari

Minneapolis Federal Reserve Bank (Fed) President Neel Kashkari stressed the need for the Fed to closely monitor the economy to see if current interest rates are sufficiently restrictive. Kashkari, president of the Minneapolis Fed, participated in a fireside chat at the Williston Basin Petroleum Conference.

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The Fed focuses on the economy's underlying demand to lower inflation.

Americans have been spending more than expected.

The housing market has held up more than I expected, it's an area I'm very focused on.

The big question now is: to what extent is monetary policy restrictive?

We'll probably have to wait a little longer to find out where inflation is headed.

With US public debt rising, an increase in short-term borrowing costs may be necessary to achieve 2% inflation.

Source: Fx Street

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