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Fed’s Kashkari: Sought half-point cut in June to re-anchor inflation

2019-07-12 06:00    FXYEAH

Fed’s Kashkari has been crossing the wires, speaking at a Townhall event in Dakota. He is in a long list of Federal Reserve speakers making their opinions known, none of which have been particularly favourable to the dollar.

Key comments:

  • Sought half-point cut in June to re-anchor inflation.
  • Fed’s Kashkari: not at full economic capacity until wages pick. 

Fed speakers from earlier:

  • Federal Reserve's Williams: Growth outlook outside the U.S. has dimmed
  • Fed’s Bostic: H1 growth stronger than expected

  • Powell speech: Bad outcomes have happened when central bank independence is diminished

  • Fed's Bostic: Sceptical inflation expectations are weak

  • Powell speech: Policy has not been as accommodative as we thought

  • Fed's Barkin: Rate cuts, if needed, would stimulate the economy in many ways

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