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Fed's Kashkari: If Fed is making a mistake, it is a small one, can recover from it

Minneapolis Federal Reserve President Neel Kashkari is giving an interview to Reuters with the key quotes found below:

  • I wish others were joining in dissents
  • Tthere is 'sympathy' with my views, but people not ready to take action
  • I am not sounding an alarm on Fed's monetary policy
  • Fed's decision to raise rates has nothing to do with politics or the administration
  • Makes no sense to have a conversation now about raising the inflation target
  • I disagree with Yellen on recent rate hikes, but hope she is reappointed as chair
  • I expect unnecessary market anxiety around Fed's balance sheet at July, September FOMC meetings
  • Would have liked to remove anxiety by saying balance sheet wind-down would start October or November

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