Minneapolis Fed President Neel Kashkari, a known dove, sounded cautious in on interest rates on his comments again. He said in a radio interview yesterday that “one of my concerns is that if we preemptively raise interest rates, and it’s not in fact necessary, we might be the cause of ending the expansion”.
He reiterated that Fed should “pause and see how the economy continues to evolve.” Also, he said “I’m not seeing signs that the U.S. economy is overheating, so I don’t think we need to preemptively raise interest rates.”
