Fed's Kashkari says leaving rates unchanged was 'right move'

Explore Business Standard
Associate Sponsors
Co-sponsor

MINNEAPOLIS (Reuters) - The Federal Reserve made the "right move" when it decided to leave interest rates unchanged at its September meeting, a top Fed official said on Monday.
The fact that more workers are returning to the labour force and inflation is not rising despite a very low unemployment rate "to me suggests we have time before we need to adjust rates," Minneapolis Fed President Neel Kashkari told reporters after a symposium on banking regulation at his bank's headquarters.
(Reporting by Ann Saphir; Editing by Meredith Mazzilli)
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 27 2016 | 2:24 AM IST