Kashkari: "Fed should keep rates low to boost wage growth"

There is still a stagnation in the labor market and inflation is still below the target so there is no need to stop

I do not think GDP is sufficient - it's just a measure for the economy as a whole, not for who is prospering. We are looking at many different measures to try to understand how our policies affect different groups and sectors. GDP growth is important, but not the whole story.

Unemployment statistics are not so significant. The Federal Reserve should focus on wage growth to find out if we are on top-tier employment.

The recovery from the Great Recession is slow. I do not believe that without QE would be faster - it would be even slower.

Officially, we have an asymmetric target and actual inflation averages about 1.7% below the target of 2%. If inflation was 2.3% over 7 years, it should not matter

The Fed's liquidity rules force banks to have sufficient short-term liquidity, making them safer, but not safe enough. They need a lot more capital.

I do not believe an inverted curve leads to a recession but gives feedback that monetary policy is close to neutral.

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