Reported about 7 hours ago
Federal Reserve Bank of Minnesota President Neel Kashkari stated that it's premature to determine the necessary adjustments to short-term borrowing costs due to the impact of tariffs on inflation and the economy. He emphasized the importance of the Fed's independence from political pressure in maintaining economic stability and stated that current economic conditions are marked by significant uncertainty. Kashkari expressed concern over rising Treasury yields and a weakening dollar, which could threaten U.S. economic competitiveness and the dollar's role as the global reserve currency.
Source: YAHOO