28 Feb 2018
Fed's Kashkari: lack of wage growth signals there is still job market slack
Federal Reserve Kashkari has been crossing the wires this US session.
Comments as follows:
- Fed's Kashkari: Unanchored inflation expectations in past caused by lack of Fed independence.
- Fed's Kashkari: Should allow tight labour market to 'continue to run' to get more workers back into work.
- Fed's Kashkari: Wants to see wage growth build.
- Fed’s Kashkari: Lack of wage growth signals there is still job market slack.