Fed Kashkari: I had thought monetary policy was in a good place

KASHKARI: FED CAN SIT TIGHT AS WAR CLOUDS ECONOMIC OUTLOOK — WSJ ... Fed's Kashkari: I don't see evidence that the labor market is tightening - WSJ. FED'S KASHKARI: I DON'T WANT A REPEAT OF ‘TRANSITORY’ MISJUDGMENT - WSJ. ... Fed's Kashkari: Before Iran, inflation was gently heading in the right direction - WSJ. FED'S KASHKARI: ONE OR TWO INTEREST-RATE CUTS LATER THIS YEAR COULD BE APPROPRIATE IF INFLATION COOLS - WSJ. ...

*TRUMP: GOING TO CUT OFF ALL TRADE WITH SPAIN TRUMP: NOT HAPPY WITH UK EITHER TRUMP: I HAVE THE RIGHT TO STOP EVERYTHING THAT HAS TO DO WITH SPAIN

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, said it is too soon to know how the Iran war will affect inflation. He said the shock could affect monetary policy, and the Fed needs to see how large and how long it lasts. He said elevated headline inflation needs monitoring given the recent path. He said inflation is still too high but ...