Neel Kashkari (President of the Federal Reserve Bank of Minneapolis) Speaking at a 'Town Hall' event in Minnesota

Coming through with the goods now .... economic outlook and policy outlook:

  • Fed needs to keep trying to bring people back to labor force
  • There is always a possibility of recession, but it is not our base case for this year
  • Outlook is for moderate economic growth in US
  • Fed wants to raise rates when the economy can sustain it
  • You will see the Fed raise rates when the data allows it

via Reuters