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Neil Kashkari from the Fed said that the raise was "not required" and that the policy is "too tight" @ Forex Factory



cnbc.com

The federal reserve system failed, raising interest rates during the recovery, part of the implementation of policies that incorrectly disclosed key signals and threatened to convey the economy to a recession, said Federal Reserve president Neil Kashkari on Thursday, Minneapolis. In an extremely harsh denunciation of the actions of the central bank Kashkari stated that the central bank should not increase monetary policy with so low inflation. Instead, he said, the open-market political committee should signal that it would allow inflation to rise above 2%, which is an impetus for the Fed to seriously stimulate the economy. The … ( full story )


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