Fed's Neel Kashkari Advocates For No Interest Rate Cut Until 'We Get A Lot More Data To Convince Us' Amid Inflation Uncertainty from u bank account australia Watch Video
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⏲ Duration: 0:40 👁 View: 590K times ✓ Published: 04-Jun-2024
Description: Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, has advocated for keeping interest rates unchanged until more data shows underlying inflation is declining. Kashkari believes cutting rates now could jeopardize the foundation of U.S. economic prosperity by undermining anchored inflation expectations. Kashkari does not have a vote on the FOMC this year but highlights the Fed's concerns about cutting rates prematurely before taming inflation. Kashkari says Fed should leave rates unchanged \