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Fed's Kashkari says rates should not go up when job creation is strong and inflation is tame
Minneapolis Federal Reserve President Neel Kashkari told CNBC on Friday that central bankers should not be raising rates while job creation continues to be strong and inflation remains tame. "For the three years since I've been at the Fed, we have been surprised by the labor market. We keep thinking we're at maximum employment. And then wage growth is tepid. And the headline unemployment rate drops further. Inflation has been well under control," he said. "If the U.S. economy is creating 200,000 a jobs a month, month-after-month, we're not at maximum employment." With neither pillar of the Fed's dual mandate from ... (full story)
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