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.
Featured Statements
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
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
