Reported 4 months ago
Minneapolis Fed President Neel Kashkari expressed the likelihood of the Federal Reserve keeping interest rates steady for an extended period while not ruling out the potential for a rate increase. Kashkari emphasized the need for convincing evidence that inflation will return to the 2% target, and highlighted that if inflation does not decrease, other policy options remain open. The recent Fed meeting discussions and economic indicators indicate a cautious approach to rate decisions, with expectations shifting away from a rate cut this year.
Source: YAHOO