Federal Reserve Bank of Minneapolis President Neel Kashkari said recent bank turmoil has increased the risk of a US recession but that it was too soon to judge what it means for the economy and monetary policy, Bloomberg News reported. Asked on Sunday during an interview on CBS’s “Face the Nation” if the strains could tip the country into a recession, he said, “It definitely brings us closer.” “What’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch. Would that slow down the economy? This is something that we’re monitoring very, very closely,” said Kashkari, a voter on monetary policy this year. “It’s too soon to make any forecast about the next interest rate meeting.” The next meeting of the policy-setting Federal Open Market Committee is May 2-3.