Fed’s Kashkari Worries Collapse in Confidence Worse Than Tariffs

‘That makes me nervous,’ Minneapolis Federal Reserve President Neel Kashkari said.

Minneapolis Federal Reserve President Neel Kashkari speaks during an interview at Reuters in New York on Feb. 17, 2016. Brendan McDermid/Reuters

The erosion of Americans’ confidence over the past two months could be worse than the tariff situation, Minneapolis Federal Reserve President Neel Kashkari says.

Various business and consumer surveys have indicated collapsing confidence about future economic conditions, from the labor market to inflation.