Minneapolis Fed President Neel Kashkari said the US economy is “fundamentally healthy”. While “we at the Fed cannot control if Europe has a crisis, or if China has a hard landing”, “we can control our own mistakes”. He added that ” if we can avoid tapping the brakes prematurely, I think the expansion can continue.”
Kashkari also noted that”let’s let the economy continue to strengthen and if we see signs then, wages pick up, inflation picks up, we can always tap the brakes then; let’s just not tap the brakes prematurely.”
