Wintry mix spreads across Minnesota

MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all. 

Turn Up Your Support

The nation's economy is doing pretty well and will continue growing at a moderate rate this year, Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday.

 
Consumers will spend more if oil prices stay low, giving the economy added lift, Kashkari told a Twin Cities business group during a speech in Bloomington.

 
"We're getting data all the time. Some data is a little bit optimistic. Some data is a little bit pessimistic," said Kashkari, who recently took over the Minneapolis Fed. "But I think (a) moderate economic outlook is still the base case for the U.S. That's better than a lot of the rest of the world."

 
Kashkari cautioned that things could change quickly. He cited the uncertainty about the future direction of China's weakened economy. 

 
"There could be upside surprises," he said. "There could be downside surprises. I feel pretty good about how the U.S. is positioned. But we have to watch the data because there are always things that can surprise us."

 
He also announced that his first forum on 

 will be in April in Minneapolis. He has proposed that regulators consider breaking up big banks and taking other measures that critics say are radical.

Business and Economic News

NewsPartners

Martin Moylan

Author

The nation's economy is doing pretty well and will continue growing at a moderate rate this year, new Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday.

Neel Kashkari, president of the Mpls. Fed

Minneapolis Fed chief sees moderate U.S. growth in 2016

Go Deeper.

Like this?

News you can use in your inbox