Neel Kashkari

President, Federal Reserve Bank of Minneapolis


Joined the Federal Reserve: January 1, 2016

Date of Birth: July 30, 1973


Summary Lean Statement Date Publication Date
1  Fed's Kashkari expects moderate U.S. growth, inflation to rise: "Kashkari, a Republican who helped run the government's bank bailout during the financial crisis, used his first public appearances last week to announce an ambitious project to prevent future bank bailouts. He has so far said little about his views on the economy or monetary policy. Kashkari's remarks Tuesday suggest little differentiates his views from those of the center of the Fed's policy-setting committee. "We're getting data all the time. Some data is a little bit optimistic, some data is little bit pessimistic, but I think moderate economic outlook is still the base case," Kashkari said. "Moderate" is the term used by the Fed in its most recent statement to describe the pace of U.S. economic growth this year." Neutral February 23, 2016 February 23, 2016
2  Neel Kashkari: Hated That We Had to Bail Out Banks: "We look at a lot of data. Chair Yellen and all Federal Reserve officials keep emphasizing that we're data-dependent. And every day more data comes in. We're paying attention to markets...We'll wait and see. Neutral February 17, 2016 February 17, 2016
3  Fed's Kashkari: We're in a 'pickle' over rates: "Citing the Fed's latest projections, Kashkari said policymakers see "moderate economic growth and inflation returning to target over the medium term." The Fed's target for inflation is 2 percent. "If that is the case, we would expect a gradual increase in interest rates," he said, but stressed the Fed's mantra of being data dependent. "Since January, the data has been mixed. We're going to keep watching the data and decide in March or beyond when is the right time to move."" Neutral February 17, 2016 February 17, 2016
4  Politics nothing to do with curbing big banks: Fed's Kashkari: "Kashkari was less specific on the question of interest rates, saying markets should focus less on the views of individual Fed officials and more on the central bank's policy-making committee. He backed the committee's expectation of "gradual" rate hikes and 2 percent inflation over "the medium term," adding he was concerned about low inflation in most major economies." Neutral February 17, 2016 February 17, 2016
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