(Bloomberg) — Neel Kashkari doesn’t need to invert the yield curve.

Given anchored inflation expectations and few indications of overheating, “if you don’t reason to raise rates much further, invert the yield curve, assemble the brakes to the economy and risk not wearing running shoes does, in truth, trigger an economic downturn,” the federal government Reserve Bank of Minneapolis president wrote in the post Monday online Medium.

Kashkari, who’s previously expressed discomfort using the flattening curve, joins other Fed officials who’ve voiced concerns about precipitating an inversion — a phenomenon where short-run rates go above long-term rates, and also a historically reliable recession signal.

“These times is unique. I consider those the four most dangerous words in economics,” Kashkari wrote.

Atlanta Fed President Raphael Bostic said a while back that inversion is actually a self-fulfilling prophecy if investors trust it will take recession. St. Louis Fed chief James Bullard says inversions have historically signaled downturns and he doesn’t buy this time is different, as well as the Dallas Fed’s Robert Kaplan is “loath to say” an inversion now would break from consider your experience.

Philadelphia Fed President Patrick Harker doesn’t “understand why we’d move around in a way that would invert the yield curve to get it done.” John Williams, head of your powerful Nyc Fed and also a permanent voter on monetary policy, has walked a middle line: he stated in May which he doesn’t think the yield curve will invert, but wouldn’t overlook the signal if push visited shove.

Not everybody is sounding the alarm bells. Cleveland Fed chief Loretta Mester has become more stimulating concerning the flattening. “Simply because the yield curve is flat doesn’t mean lower growth or possibly a recession,” she said in May.

Chairman Jerome Powell testifies until the Senate Banking Committee , along with remarks being published in the event the event starts at 10 a.m. Fed officials are regularly discussing the yield curve, he said in June, and flattening makes “the many sense from the world” as rates increase. Whether he sticks to the next line before lawmakers will definitely garner market interest, since any nervousness on his part could signal a slower rate-hiking path ahead.