Fed’s Kashkari: There is a lot of uncertainty of around where neutral rate is

Minneapolis Fed President Neel Kashkari, speaking to CNBC this Friday, said that there is a lot of uncertainty of around where the neutral is but we are close to neutral rates right now.

Key quotes:

   •  Neutral is tough to know, that's why we watch the data so closely.
   •  I'm more worried that we're raising rates prematurely.
   •  I believe that if we were to raise rates dramatically, it would cause a recession.
   •  Housing and autos are catching my attention and we know higher rates are having an effect.
   •  On trade tensions, cites China is a big uncertainty.
   •  Inflation expectations are very anchored.