Fed's Kashkari Backs His Vote To Hike Interest Rates: 'Now Is The Time'

Minneapolis Federal Reserve President Neel Kashkari said it is "the time to start slowly moving up as we get more data in." (Credit: Reuters / SHANNON STAPLETON)

Minneapolis Federal Reserve President Neel Kashkari backed his decision to vote in favor of hiking interest rates in last week's meeting, saying now is "the time to start slowly moving up as we get more data in."

Speaking with CNBC, Kashkari said the most recent information shows the current monetary policy is not "particularly restrictive."