Fed’s Kashkari: Appropriate to debate about potentially cutting rates in September

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari told the Wall Street Journal on Monday that a debate about potentially cutting the policy rate in September is an appropriate one to have, pre Reuters.

“The balance of risks has shifted more towards labor market and away from inflation side of our dual mandate,” Kashkari added and noted that inflation is making progress while the labor market is showing some concerning signs.

Market reaction

These comments don’t seem to be having a significant impact on the US Dollar’s (USD) valuation. At the time of press, the USD index was down 0.15% on the day at 102.25.