Fed’s Kashkari says U.S. economy in ‘uncharted waters’

(RECAP: Minneapolis Fed President Neel Kashkari said Monday the U.S. economy is in “uncharted waters.” suggesting he backs Fed Chairwoman Janet Yellen’s cautious approach to monetary policy. “Chair Yellen has been bringing real creativity and real open-mindedness to how we approach monetary policy. That’s the right thing for the country,” Kashkaria said. International developments have to be part of the calculus of Fed interest-rate decisions, the Minneapolis Fed president said.)

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