The Federal Reserve's decision to stop raising interest rates puts a "fundamentally healthy" U.S. economy on track to further growth, Minneapolis Federal Reserve Bank President Neel Kashkari suggested.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are "unquestionably" safer than they were before the 2007-2009 financial crisis.
Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari.
The chairman of the Federal Reserve, in a letter to a Democratic senator, says stopping the flow of immigration to the U.S. could hurt the economy over time.
It is expected that the Federal Reserve will raise the Federal Funds rate one more time in September.
Federal Reserve President Neel Kashkari speaks on the state of the economy, trade and labor markets before the Williston Basin Petroleum Conference in Bismark, North Dakota.
The bond market is indicating that the U.S. economy could be hovering around a recession, which in turn would mean that fewer interest rate hikes are needed ahead, Minneapolis Fed President Neel Kashkari said Friday.
Government officials hoping that the Fed keeps interest rates low to help finance the debt load might be out of luck. Minneapolis Fed President Neel Kashkari said that national debt concerns are not a factor the Fed weighs when deciding rates.
Minneapolis Federal Reserve Bank President Neel Kashkari said he does not think the Fed should raise rates unless wages and inflation start to take off.
"If wage growth continues that could have an effect on the path of interest rates," he says.
If Minneapolis Fed President Neel Kashkari gets his way, the nation's biggest banks will need to keep more cash on hand — a lot more.
No dynamic could be more important in 2018 for investors than how the Federal Reserve manages what should be an accelerating economy.
Minneapolis Fed President Neel Kashkari says it could be costly for the Fed to try to constrain the stock market.
The Fed's Neel Kashkari says he keeps voting against interest rate hikes because of low inflation and troubling bond market signals.
The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent.
Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled he may once again dissent of the Fed raises rates in December.
Kevin Warsh, incumbent Janet Yellen, Jerome Powell and Gary Cohn are the current leaders for chair of the Federal Reserve.
Jim Grant also says Trump wants a "great, big booming economy" and therefore wants an "easy Fed."
Gold fell to its lowest in seven weeks on Tuesday after strong U.S. economic data reinforced expectations of another interest rate rise.
Minneapolis Fed President Neel Kashkari contends that the Fed has driven down inflation expectations by tightening sooner than it should.