March 23, 2018 / 3:13 PM / in a year

Dovish Kashkari backed Fed rate hike, upgraded policy path a bit

NEW YORK, March 23 (Reuters) - One of the most dovish Federal Reserve officials said on Friday he backed this week’s decision to raise interest rates in the name of “continuity” after it was telegraphed and well-expected, but he will only support more tightening if wage growth rises.

There is “still a ways to go” to get to full employment, Minneapolis Fed President Neel Kashkari said at a Quinnipiac forum in New York. He nonetheless upgraded “a little bit” his personal policy projections, known as the dots, at the U.S. central bank’s Tuesday-Wednesday policy meeting. (Reporting by Jonathan Spicer)

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