Fed’s Kashkari: Fed will debate what to do on rates, he is leaning toward further rate cut – Reuters

Reuters released comments from the President of the Federal Reserve Bank of Minneapolis while speaking on Minneapolis public radio interview on early Friday morning in Asia.

Key quotes

• Fed will debate what to do on rates.
• He is leaning toward a further rate cut.
• It is definitely a nervous time.
• Sees some cautious signs, some signs of optimism on economy.

FX implications

Although the market remains quiet to the news, a general pullback in the US Dollar (USD) and sustained support for the safe-havens can be expected because of the dovish comments.