Kashkari Says Fed May Have Harmed U.S. Economy With Rate Hikes

Federal Reserve interest-rate increases may be “doing real harm” to the U.S. economy, which would help explain why inflation is low and job growth has slowed, said Minneapolis Fed President Neel Kashkari, one of the central bank’s most dovish policy makers. “It’s very possible that our rate hikes...

Kashkari Says Fed May Have Harmed U.S. Economy With Rate Hikes