The Federal Reserve pays much more attention to real economic factors like the outlook for inflation and the health of the labor market than volatility in the stock market, said Minneapolis Fed President Neel Kashkari on Tuesday. "The stock market goes up, the stock market goes down. We pay attention to it but it is not what is driving us," Kashkari said during a question-and-answer session at the Regional Economic Indicators Forum in Duluth, Minn. The Fed does keep an eye out for signs of financial instability, something that could lead to another financial crisis, he noted. Volatility has been the hallmark for markets over the past few weeks.