Fed's Kashkari: There is no urgency to raise rates with inflation low

Fed Minneapolis President Neel Kashkari is on the wires now, via Reuters, saying that if inflation does rise, Federal Reserve has all the tools it needs to bottle it up.

Key headlines (via Reuters):

• Politics is not factoring in at all to Fed decisions
• Fed is not out of ammunition if U.S. economy is hit by recession
• Waiting too long on raising rates is less of a risk than moving too soon