Fed’s Kashkari Says Rates May Be Pretty Close to Neutral Now

Federal Reserve Bank of Minneapolis President Neel Kashkari said interest rates may be close to a neutral level for the US economy now, leaving it up to incoming data to guide the central bank’s actions.

“Over the last couple of years, we kept thinking the economy is going to slow down, and the economy has proven to be far more resilient than I had expected,” Kashkari, who rejoins the Fed’s voting ranks this year, said Monday on CNBC.

Neel Kashkari

Photographer: Anita Pouchard Serra/Bloomberg

“That tells me, well, monetary policy must not be putting that much downward pressure on the economy. My guess is we’re ...