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Fed's Kashkari: Keep interest rates low to boost wages, inflation

Reuters  |  WASHINGTON 

(Reuters) - The

should keep low so that wage gains accelerate and rises, Neel said on Tuesday.

"has been low, wage growth has been low, so I'm advocating for lower to get wages up and to get back to our 2 percent target," said at an event in has repeatedly said he wants to see rise before increasing any further.

does not have a vote on the Fed's rate-setting committee this year, but did have in 2017 during which he dissented against the central bank's decision to raise borrowing costs three times.

The raised at its last policy meeting in December and forecasts another three hikes this year. A strengthening and 17-year low in the unemployment rate have so far outweighed chronically weak in the minds of most policymakers as the seeks to keep the nation's on an even keel.

(Reporting by Lindsay Dunsmuir; Editing by Chizu Nomiyama)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:15 IST
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