Minneapolis Fed President Kashkari supports September interest rate cut discussions amid labor market concerns.
Minneapolis Federal Reserve President Neel Kashkari supports discussion about a potential September interest rate cut, as concerns shift from inflation to labor market indicators. Although inflation progresses, he expresses concerns about the labor market and its possible downturn. However, he does not see a compelling reason to decrease rates by more than a quarter percentage point.
August 19, 2024
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