Fed should wait for faster wage growth before raising rates: Kashkari
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May 16, 2019Fed needs to let inflation rise above 2%, Kashkari says
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Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength.
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