Economy not growing nearly as fast as anyone would like - Fed's Kashkari

Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, is answering questions on Twitter.

Key quotes

• Need to factor in lower neutral real rates. Economy not growing nearly as fast as anyone would like. But higher rates won't help
• We pay attention for potential financial stability implications. Not concerned about price movements for their own sake
• Don't care about stock market fall itself. Care about potential financial instability. Stock market drop unlikely to trigger crisis
• I estimate we are about 75 bps "accommodative" today relative to neutral real rate. Neutral rates change over time, though.