Reported 4 months ago
The article discusses the caution expressed by Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, against rushing to cut interest rates. Kashkari believes that the Federal Reserve should wait for real evidence of sustained inflation decline before considering rate cuts and even suggests that rates may need to increase before any cuts are made. His stance reflects concerns about inflation stability and the strength of the job market, which could potentially lead to a rate hike. Kashkari's remarks have impacted market sentiment, particularly in the technology sector, with investors closely monitoring his opinions due to his past role in the 2008-2009 financial crisis.
Source: YAHOO