Neel Kashkari

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Fed’s Kashkari explains why he voted against raising interest rates

Jun 28, 2017By

The Federal Open Market Committee voted to raise the federal funds rate for the second time this year in its June meeting, but not all committee members were on board with the decision. As the only dissenting vote the past two times the FOMC elected to increase interest rates, Federal Reserve Bank of Minneapolis President Neel Kashkari explains his reasoning.