Reported about 7 hours ago
Federal Reserve Bank of Minneapolis President Neel Kashkari anticipates a modest reduction in interest rates by the end of 2025, as inflation approaches the Fed's 2% target. He highlighted significant uncertainties regarding new policies from the current administration that could affect the economy and inflation. Despite recent employment data showing lower job additions than expected, Kashkari reaffirmed the strength of the labor market and expressed optimism about the economy's resilience against high interest rates.
Source: YAHOO