Minneapolis Fed President Kashkari urges Fed to wait for inflation progress before cutting rates.
Minneapolis Federal Reserve President Neel Kashkari suggests that the Federal Reserve should wait for significant progress on inflation before cutting interest rates. Kashkari, who previously predicted two rate cuts in 2022, now emphasizes the need for "many more months of positive inflation data" before considering a rate cut. His comments come amidst speculation of potential rate cuts by the Fed.
May 28, 2024
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