Published May 23, 2017 10:23am EDT | Updated May 23, 2017 11:04am EDT

Fed's Kashkari Says Soft Inflation Readings Are 'concerning'

Minneapolis Fed President Neel Kashkari on Tuesday sounded in no hurry to raise short-term interest rates. Kashkari, who was the lone dovish dissenter against a March rate hike, told reporters recent soft inflation readings were "concerning" and said there still might be room to lower the unemployment rate without sparking price pressures, according to the Wall Street Journal and Reuters.