Fed's Kashkari: Monetary policy 'largely doing what it can'

Head of the Federal Reserve Bank of Minneapolis Neel Kashkari

• Says monetary policy 'largely doing what it can' to support robust recovery
• Need regulatory, fiscal policies to boost US growth
• Says he is skeptical that large-scale government spending can boost growth

From an essay released by the Minneapolis Fed by Kashkari

via Reuters

If you're looking for clues on policy action in September, good luck. I'm not getting any from this.

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ps. The PBoC is said to be selling USD against the CNY to support the yuan, transacting through state owned banks