Kashkari Says Fed May Have Harmed U.S. Economy With Rate Hikes

Bloomberg, Sept. 5, 2017–Matthew Boesler
Federal Reserve interest-rate increases may be “doing real harm” to the U.S. economy, which would help explain why inflation is low and job growth has slowed, said Minneapolis Fed President Neel Kashkari, one of the central bank’s most dovish policy makers.