Minneapolis Fed President Neel Kashkari speaking at a 'town hall' event.
- Too soon to know the effect of tariffs on inflation
- Impact of tariffs taking longer to be felt than had guessed
- Expect services inflation to trend down, possible that goods inflation could spill over
- Job market is slowing down
- Its challenging to read signals without core government data because of the shut down
- Most folks say they are still concerned about inflation
- Fed prioritizing labor market over inflation control could lead to bad outcomes for workers
- Private credit bears watching; cautious about if it’s suitable for a 401k
- Leaders on both sides of the aisle believe in an independent Fed
- Pleased to see Supreme Court in May said Fed was a unique institution
- US economy is far and away the strongest economy in the world
- Immigration is a tool for economic growth, should we choose to use it
- Housing affordability crisis can’t be solved by interest rate cuts; need more housing supply
- More risk of labor market negative surprise than an uptick in inflation
- We are likely betting the economy is slowing more than it really is
- Take concerns about soy beans very seriously, but not something the Fed can do something about
- The longer the government shut down lasts, the less confident we are that we are reading the economy correctly
