SCORE BORROWERS' DELINQUENCIES ARE CLIMBING; ON AVERAGE CONSUMERS SEEM LIKE THEY ARE DOING FINE
Oct 21 (Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Monday repeated he expects "modest" interest-rate cuts over the coming quarters, though a sharp weakening of labor markets could move him to advocate for faster rate cuts.
"If the labor market weakens surprisingly, that would cause me to take a fresh look at my 'dots,'" Kashkari said in a town hall at the Chippewa Falls Area Chamber of Commerce, using "dots" as short-hand for his view of the appropriate path ahead for interest rates. Currently, he said, he believes rates are putting the brakes on the economy.
Reporting by Ann Saphir
Editing by Chris Reese
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