Comments from Minneapolis Federal Reserve President Neel Kashkari in an interview
- Says not partisan, political to urge 'too big to fail' bank overhaul
- Urging Wall Street overhaul shows Federal Reserve independence
- Reforms needed for banks, non-banks, other 'sifi' firms
- Concerned about low inflation in most major economies
- Hard to believe US rates liftoff cause of global market anxiety
Reuters with the headlines
Not much there related to the economy or monetary policy.
Except this I suppose: "Hard to believe US rates liftoff cause of global market anxiety"
I hope Mr. K isn't going to read too much market commentary that seeks to explain market moves. As I pointed out last week:
- Markets fell because Draghi didn't lower rates
- Markets fell because Yellen raised rates
- Markets fell because Kuroda lowered interest rates
At least, thats what the talking heads would have you believe.
