Feb 8 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari told a town hall in Pierre, South Dakota that he does not think the Federal Reserve should raise rates unless wages and inflation start to take off, and the U.S. economy is a "long way" from that.
With wage growth slow and inflation below the Fed's 2-percent target, "Why cool the economy down?" asked Kashkari. He dissented on the Fed's interest-rate hikes last year, and though he does not have a vote this year his comments signal he continues to disagree with the gradual rate hikes the Fed currently plans.
(Reporting by Ann Saphir Editing by Chizu Nomiyama)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.