Fed's Kashkari: why raise rates when inflation is low and falling? - CNBC

During an interview to CNBC, Minneapolis Fed president Neel Kashkari questioned the Fed's action to raise interest rates at the time when inflation is low and falling.

Key quotes:

   •  US inflation has fallen since March vote 
   •  Long end of the curve has not been moving
   •  Can be costly if Fed raises rates just to contain the stock market
   •  More than a million prime-age workers on the sidelines still
   •  US wages are not climbing at an accelerated rate
   •  Some colleagues are worried that inflation pressures are building