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Minneapolis Fed's Kashkari sees slowing economy, supports two more rate cuts by year-end due to labor concerns and delayed data from shutdown.
Minneapolis Fed President Neel Kashkari said the U.S. economy may be slowing less than believed, with the labor market a greater concern than inflation.
He supported the Fed’s recent rate cut and expects two more by year-end as precautionary measures, citing limited inflation risks due to tariff impacts.
While inflation likely remains near 3%, he warned that the ongoing government shutdown is delaying key data, undermining economic assessments despite reliance on private sources.
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Kashkari de la Fed de Minneapolis ve una desaceleración de la economía, apoya dos recortes de tasas más para fin de año debido a preocupaciones laborales y datos retrasados del cierre.