Fed’s Kashkari: Have not seen wage growth nationally

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari:

  • Have not seen wage growth nationally
  • likely still some slack in labor mkt
  • immigration has benefitted the US tremendously
  • US has to avoid a trade war, must avoid a trade war with China 
  • Says he is sympathetic ton need to push China to open more markets to US businesses
  • Very hard to game out where US trade dispute with China will end 

more to come  

K is speaking at a Q&A session  

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