Statement

Name: Neel Kashkari

Summary: 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."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: February 23, 2016

Publication Date: February 23, 2016

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