The US Federal Reserve must do a better job of responding to the rising tide of economic anger in America that is leading to a surge in protectionist rhetoric on the presidential campaign trail, according to the newest member of its policy committee.
In an interview with the Financial Times, Neel Kashkari, who took over as head of the Minneapolis Federal Reserve at the start of the year, warned the Fed must work harder to rebuild public trust and communicate with US citizens. Economic anger, he said, was “all around the country and it is non-partisan”.
Mr Kashkari’s first public forays this week have quickly positioned him as an outspoken voice among policymakers.
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