Published By:Fox Business
Fed's Kashkari Gains Company in Concerns Over Raising Rates
Neel Kashkari labored through much of this year as the most prominent Federal Reserve official opposed to raising short-term interest rates. Lately, he's gained more company.
Mr. Kashkari, president of the Minneapolis Fed, has argued the central bank shouldn't be raising borrowing costs when inflation persists below its 2% target. He cast the only votes against the Fed's rate increases in March and June.