The Federal Reserve best approach raising interest rates carefully, or else, suggests outspoken Minneapolis Fed chief Neel Kashkari.
Here's what Kashkari told TheStreet when asked if the Fed risks moving too fast to hike rates:
"I think the risk is that we do it too fast unnecessarily and we shorten the economic recovery. One thing I look at is the shape of the yield curve. And the yield curve has been flattening quite a bit. The inverted yield curve is the single best predictor we have of recessions. To me, it's an indicator of the Fed over-tightening.