Minneapolis Fed President Kashkari to discuss Fed policy in New York — CNBC

Minneapolis Federal Reserve Bank President Neel Kashkari will hold a conversation in New York, United States, with CNBC journalist Steve Liesman on Wednesday evening about the U.S. economy and monetary policy. The event is scheduled for 6:00 p.m. Eastern Time.

Inflation data

The conversation will take place after the release of the August personal consumption expenditures price index. This indicator is considered the Federal Reserve's preferred inflation gauge. According to CNBC, the index came in below economists' forecasts.

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Labor market situation

Payroll services company ADP also reported that the U.S. private sector created 90,000 jobs in September. This was more than economists expected. The ADP data were released ahead of the September employment report, which was due to be published on Friday.

This month, the Fed raised the interest rate for the first time in three years and indicated that another increase was possible. The meeting involving Kashkari is part of the C. Peter McColough Series on International Economics, hosted by the Council on Foreign Relations in New York.