Fed's Kashkari Echos Yellen On U.S. Economy

The Fed Reuters

The Federal Reserve can keep interest rates low for longer because even with jobs being created at a "pretty healthy clip" low rates are not creating inflationary pressures, a top Fed official said on Wednesday.

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Minneapolis Fed President Neel Kashkari, speaking at the Institutional Investor Conference in Minneapolis streamed live on the bank's website, also said he sees no signs of a housing bubble.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)