HALISTER1: MORE: Fed’s Kashkari Tells Reuters June Rate Move Is ‘Possible’

MORE: Fed’s Kashkari Tells Reuters June Rate Move Is ‘Possible’

(Bloomberg) -- Minneapolis Fed Pres. Neel Kashkari tells Reuters in interview that “it’s possible” Fed will raise rates in June.
  • If data surprises to upside, mkts will have to adjust; number of hikes in 2016 depends on data
  • Current stance of policy is “about right”; raw data indicates Fed should be accommodative
  • Expects ~2% U.S. GDP growth this yr
  • Not clear if recent rise in core inflation is “real”
  • NOTE: Kashkari, a former Pimco executive and Treasury official who oversaw TARP program, joined Minneapolis Fed in Jan.; he succeeded Narayana Kocherlakota
  • NOTE: Kashkari becomes voter on FOMC in 2017
  • NOTE: Earlier, Kashkari Says Current Fed Policy Stance ‘About Right’: Reuters
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Neel Kashkari (Federal Reserve Bank of Minneapolis)

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