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Fed needs to let inflation rise above 2%, Kashkari says

Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/x741KuH9JV8/fed-needs-to-let-inflation-rise-above-2-kashkari-says-idUSKCN1SM1ZK