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- Minneapolis Fed president Kashkari thinks short-term interest rates will stay near zero for a few more years, - WSJ
Minneapolis Fed president Kashkari thinks short-term interest rates will stay near zero for a few more years, - WSJ
- Comfortable with plans to taper bond buying soon
- But does not believe Fed will need to raise interest rates until 2024
- The job market still has long way to go before healing
- Once supply chain issues are resolved, worried that Fed will have to deal with same forces that have pinned down inflation before the pandemic
- Wants to see broader measures of wages increasing to start believing that the labour market is getting tighter
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