Fed's Kashkari says low inflation affords 'luxury' of low rates | Reuters

MINNEAPOLIS Low inflation allows the Federal Reserve to keep U.S. interest rates lower for longer in order to boost the economy and jobs, a top Federal Reserve official said on Wednesday.

"If we can keep creating jobs while inflation is in check, let's do that," Minneapolis Fed President Neel Kashkari said at a meeting with community activists and members of the black community in Minneapolis who were airing their concerns about low pay and high unemployment. "We can do our best to make the job market as strong as possible."

(Reporting by Kristoffer Tigue; Writing by Ann Saphir in San Francisco; editing by Diane Craft)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Aug 04, 2016 02:00 AM

Also See