Reported 24 days ago
Minneapolis Fed President Neel Kashkari has suggested that interest rate cuts may be necessary soon, as the U.S. economy shows signs of slowing. In a recent interview, he expressed that two quarter-percentage-point cuts by the end of the year seem reasonable. Other Fed officials, including San Francisco Fed President Mary Daly, echoed support for similar measures, citing concerns over a weakening labor market and the impact of tariffs on inflation. Although neither Kashkari nor Daly has a vote on interest rates this year, their views reflect growing unease among policymakers about the economic outlook.
Source: YAHOO