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Fed's Kashkari: infrastructure spending not key to US growth, education is

Tuesday, April 25, 2017 - 06:40

Neel Kashkari.jpg
Minneapolis Federal Reserve Bank President Neel Kashkari said Monday he does not believe that spending more to build roads and airports would necessarily result in faster US economic growth.

[SAN FRANCISCO] Minneapolis Federal Reserve Bank President Neel Kashkari said Monday he does not believe that spending more to build roads and airports would necessarily result in faster US economic growth.

"I don't see infrastructure holding back our economic growth," Mr Kashkari said at the Fink Investing Conference at UCLA Anderson, adding that while it is possible better infrastructure could boost productivity, the best thing to spend money on would be the US education system.

President Donald Trump has promised an increase in infrastructure spending as part of his economic plan.

REUTERS

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