Fed policy is 'modestly restrictive,' Kashkari says

Nov 12 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy, but not by a lot.

"The U.S. economy is in a good place," Kashkari said at a Yahoo! Finance event.

"In my judgment we are still at a modestly contractionary stance, but ultimately the economy will guide us, in terms of how far we are needing to go" in cutting interest rates further.

Reporting by Ann Saphir Editing by Chris Reese

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Fed policy is 'modestly restrictive,' Kashkari says

By Reuters

Reuters

Reuters

Forget nominal highs, should we be aiming at gold’s 1980 all-time high?

Wall Street bereft of gold bears as safe-haven sentiment sweeps markets, Main Street also sees higher prices next week

Banks are 'big casinos': When the system implodes, it'll take everything with it – Lynette Zang

Gold price’s breakout year: $4k coming in the next 12 months? Adrian Day

Don’t expect gold’s rally to stall next week, analysts eyeing $3,000