Comments from Kashkari in a moderated Q&A
- Still 'a way to go' before to go full employment
- I would have raised rates if I was sitting in the Fed chair, because we said we would hike
- I don't think the data itself supports rate hikes
- I brought some of my dots forward because there is more stimulus
- It's unclear if all this stimulus will change the trajectory over the long term and that's the big question
- I don't see wages rising enough to make a difference
- Once businesses start raising wages to attract workers, then there will be inflation
- Monetary policy is probably pretty close to neutral right now
Kashkari dissented previously but doesn't currently have a vote
