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

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Reuters MINNEAPOLIS
Last Updated : Sep 27 2016 | 2:42 AM IST

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)

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First Published: Sep 27 2016 | 2:24 AM IST

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