Fed's Kashkari: Need to address low-inflation issue with interest-rate policy

Speaking to a business group in Woodbury, Minnesota, Minneapolis Fed President Neel Kashkari said that the balance sheet reduction should be gradual and that they need to address the low-inflation issue with interest-rate policy.

Key quotes (via Reuters):

• The U.S. job market continues to be strong, but 'curious' that wages growth not strong
• Fed's $4.5 tln balance sheet is not doing a lot to boost the economy right now
• There are costs to having big balance sheet
• To have economic growth, need to boost fertility, or embrace immigration
• Self-driving cars may boost productivity growth
• Deficit-boosting tax cuts don't help in the long term; tax reform can
• Immigration should be skills-oriented
• On some measures, the job market still has 'a ways to go'