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Fed's rate hikes may be doing real harm to U.S. economy: Kashkari
Wednesday, 6 September 2017 01:41 WIB | FISCAL & MONETARY |Federal ReserveThe Fed

The Federal Reserve's recent interest-rate hikes may be slowing inflation, wage growth, and job growth and doing ''real harm'' to the U.S. economy, one the U.S. central bank™s most dovish policymakers said on Tuesday.

œThere may be a lot more slack in the labor market than we appreciate, Minneapolis Federal Reserve Bank President Neel Kashkari said at the University of Minnesota™s business school. œThe Fed may have allowed inflation expectations to drift lower.

œMaybe our rate hikes are actually doing real harm to the economy, said Kashkari, who has dissented against the Fed™s rate hikes this year.

 

Source: Reuters

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