Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, speaking at a ‘Town Hall’ meeting
– Says Fed is coming up short on both employment and inflation goals
Hardly anything surprising there from Kashkari, both on the Fed and also on Brexit. Brexit is not just about the UK and Europe, its also a warning that there may well be movements in other member states that could win a vote to ‘exit’. Maybe nothing will come of that, but its an implication of the Brexit vote that markets have been concerned about since the referendum was announced by Cameron years ago.