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Fed's Kashkari: I vote against rate hikes because of low inflation and troubling bond market signals
Minneapolis Fed President Neel Kashkari said Tuesday he keeps voting against interest rate hikes because of low inflation and troubling bond market signals. "Why are we raising rates when inflation is low and falling," Kashkari, a voting member of the policymaking Federal Open Market Committee this year, asked in an interview on CNBC's "Squawk Box." "More recently, we're seeing warning signs from the bond market," he added. Kashkari was a dissenter last week in the Federal Reserve's decision to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent. It was the third rate ... (full story)