Kashkari voted to leave rates unchanged
- "We should have waited for more data to see if the recent drop in inflation is transitory."
- We're getting closer to full employment, I'm not sure we're there yet
- It doesn't appear Fed is moving closer to inflation goal
- Should have delayed hike and waited for more information on inflation
- Tools for high inflation are more effective than low inflation
- Calls the release of plan to unwind balance sheet a positive step
- "The cost of labor isn't showing signs of building inflationary pressures that are ready to take off and push inflation above the Fed's target."
- "It seems unlikely that the United States will experience a surge of inflation while the rest of the developed world suffers from low inflation."
- "Some argue that the recent decline in inflation is transitory, but we don't know that for certain."
- "I believe it is prudent to assume no change in the fiscal outlook."
- Read it here
Here's the full text, it's much longer than the usual statements on dissent. It's an accessible read as well. Kashkari for FOMC Chairman?
