Statement

Name: Neel Kashkari

Summary: 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.""

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: February 17, 2016

Publication Date: February 17, 2016

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