Fed's Kashkari: Recession not base case but risks risen quite a bit

Minneapolis Fed Pres. Neil Kashkari

The Minneapolis Pres. Neil Kashkari speaks on CNN:

• we probably need to pull back on interest rates
• recession not base case, but risks risen quite a bit
• signals on economy are mixed right now
• businesses are spooked on investment due to trade war
• better to be early than late responding to slow down
• very few businesses blaming Fed for economic slowdown

Kashkari is not a voting member in 2019