Kashkari Emerges as Opposing Voice as Fed Shows Optimism
- Presidents Harker, Evans both see more rate increases coming
- Minneapolis Fed chief doesn’t see 2% core inflation in 2017
Federal Reserve Bank of Minneapolis President Neel Kashkari discusses his dissenting vote as the Federal Open Market Committee raised rates last week. He speaks on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
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The U.S. Federal Reserve could raise interest rates two, three or four times this year, said Chicago Fed President Charles Evans, though his Minneapolis colleague Neel Kashkari argued that there was no need to rush.
“We do not have a high-inflation threat right around the corner,” Kashkari said during an interview on Bloomberg Television Monday, adding that the lack of price pressure affords the Fed patience in raising rates. “I’d be very surprised if core inflation reaches 2 percent this year.”