Free Trial

Minn Fed Pres Kashkari speaks for the first.....>

FED
FED: Minn Fed Pres Kashkari speaks for the first time since the April FOMC,
telling NBC's Today Show he expects an unemployment number Friday of 16-17%,
with that number being an understatement - the "real number" probably around
23-24% (the difference being accounted for by those who are not actively looking
for another job because they are locked down in their homes). Says the Fed will
"continue to act aggressively", becoming clear we're in for a "long, gradual
recovery", not depression scenario because policymakers are aggressive.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.