Fed's Kashkari: Not quite there yet on seeing need for policy shift

In an interview with Bloomberg TV, Minneapolis Fed President Neel Kashkari argued that they were not yet seeing a need for a policy shift. Commenting on the Trump administration's decision to impose tariffs on Mexican imports, Kashkari said that they could hurt the U.S. economy. 

Key quotes

• Wage growth not signalling inflation above 2%.
• So far the fundamentals have been quite strong.
• Latest data shows inflation remains low.