Investing.com – Minneapolis Federal Reserve Chief Neel Kashkari said Tuesday, the pace of inflation and job growth, two of Fed’s main objectives, still lagged behind expectations.
"I think in both cases we can do a little bit better," Kashkari said in a talk at the Minnesota Business Partnership.
Mr Kashkari comments echoed Fed chief Janet Yellen’s comments Monday, after she said inflation remained behind the Federal Reserve target of 2% but added that the economy was "pretty healthy".
Mr Kashkari comments drew a muted reaction from markets.
The U.S. dollar index remained unchanged at 100.64, down 0.30%.
Gold futures traded at $1,276.15 while Treasury yields traded 2.44% lower, with the U.S. 10-Year at 2.303.
The Dow Jones Industrial Average traded 0.20% lower at 20,616. The S&P 500 lost 0.30% and the Nasdaq Composite fell by 0.43% to 5856.50