26 Sep 2016
Fed's Kashkari: It was a 'right move' not to raise interest rates in September
Fed Minneapolis President Neel Kashkari was on the wires via Reuters, saying that he agrees with keeping rates on hold during September's meeting.
Key headlines (via Reuters):
- Says risks of too-low inflation are greater than risks of too-high inflation
- If inflation were to rise, would expect Fed to raise rates
- Fed has not yet made a decision on whether balance sheet should stay large in long term
- Sees slack in US labor market, have time before will need to adjust rates
- Says he closely watches inflation, inflation expectations, and unemployment rate