Comments from Minneapolis Federal Reserve President Neel Kashkari in an interview

  • Says not partisan, political to urge 'too big to fail' bank overhaul
  • Urging Wall Street overhaul shows Federal Reserve independence
  • Reforms needed for banks, non-banks, other 'sifi' firms
  • Concerned about low inflation in most major economies
  • Hard to believe US rates liftoff cause of global market anxiety

Reuters with the headlines

Not much there related to the economy or monetary policy.

Except this I suppose: "Hard to believe US rates liftoff cause of global market anxiety"

I hope Mr. K isn't going to read too much market commentary that seeks to explain market moves. As I pointed out last week:

  • Markets fell because Draghi didn't lower rates
  • Markets fell because Yellen raised rates
  • Markets fell because Kuroda lowered interest rates

At least, thats what the talking heads would have you believe.