Kashkari explains his sole FOMC dissent
Minneapolis chief reminds colleagues Fed treats 2% inflation as target, not ceiling
Neel Kashkari used a blog post today (March 17) to explain the reasons for his dissenting vote at this week’s Federal Open Market Committee (FOMC) meeting, stressing the need for stronger data before acting further.
The president of the Federal Reserve Bank of Minneapolis says it is important to remember that 2% inflation is a target, not a ceiling, so it should be equally concerning if inflation is above or below target. Kashkari believes the Fed risked acting too early.
“Based on our actions
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