×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: fed | kashkari | rates | neutral

Fed's Kashkari: Dramatic Rate Hikes Could Cause Recession

(Matthew Veldhuis/Dreamstime)

Friday, 30 November 2018 01:15 PM EST

Minneapolis Federal Reserve President Neel Kashkari told CNBC on Friday that he believes interest rates are "close to neutral."

Interest rates should not go up when job creation remains strong and inflation continues to be tame, Kashkari told CNBC, adding that raising rates too forcefully before necessary could risk causing a recession in the U.S. economy.

"For the three years since I've been at the Fed, we have been surprised by the labor market. We keep thinking we're at maximum employment. And then wage growth is tepid. And the headline unemployment rate drops further. Inflation has been well under control," he said.

"If the U.S. economy is creating 200,000 a jobs a month, month-after-month, we're not at maximum employment," he said.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Minneapolis Federal Reserve President Neel Kashkari told CNBC on Friday that he believes interest rates are "close to neutral."
fed, kashkari, rates, neutral
121
2018-15-30
Friday, 30 November 2018 01:15 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved