Minneapolis Fed President Neel Kashkari described the economic outlook as “mixed” and expressed his support for further rate cuts. He noted that trade tensions are making businesses cautious. The steep stock market fall and yield curve inversion is “an indicator that people are nervous.”
For September FOMC meeting, Kashkari is “leaning towards the camp of, ‘yes we need to give more stimulus to the economy, more support, we need to continue the expansion and not allow a recession to hit us.”
