US economy would have performed better without rate hikes – Kashkari
Minneapolis Fed president says Fed should not raise rate until 2% inflation target has been reached
The president of the Federal Reserve Bank of Minneapolis has said the US central bank’s policy over the past few years has led to falling inflation expectations and “somewhat” slower job growth, wage growth and inflation.
In an essay, Neel Kashkari says tighter monetary policy implemented after the financial crisis has started to affect the economy by lowering inflation expectations.
“Inflation expectations – as indicated by both market-based measures and the Michigan survey of consumers – did
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