Market news
18.10.2019, 15:00

Minneapolis Fed president Kashkari: Not forecasting recession, but risks to downside have increased over the last six months

  • U.S. economy is sending mixed signals
  • Consumers are strong, but businesses appear to be nervous, pulling back on spending and hiring
  • Europe, Germany, China are slowing, and U.S. will feel that
  • Yield curve is signalling the Fed policy may be slightly contractionary
  • Monetary policy should be somewhat accommodative in light of the risks we are seeing
  • I expect the inflation to undershoot 2%-target for the foreseeable future


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