Fed's Kashkari: There is a risk interest rates might have to go higher

In an interview with CNN on Wednesday, Minneapolis Federal Reserve Bank President Neel Kashkari said that there was a risk interest rates might have to go higher but added that it was hard to know, as reported by Reuters.

Kashkari said that they do not want to see a US government shutdown and reiterated that they are committed to bring inflation to 2% target.

Market reaction

These comments don't seem to be having a significant impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.15% on the day at 106.33.