Minneapolis Fed President Neel Kashkari: negative interest rates would only be a last resort for the Fed

Market news

26 May 2016

Minneapolis Fed President Neel Kashkari: negative interest rates would only be a last resort for the Fed

Minneapolis Fed President Neel Kashkari said on Wednesday that negative interest rates would only be a last resort for the Fed, noting that negative interest rates were "perverse". He added that the Fed had other tools to stimulate the economy.

Minneapolis Fed president also said that he expected the U.S. economy to expand moderately.

Kashkari is not a voting member of the Federal Open Market Committee (FOMC) this year.

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