Reported 4 months ago
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the Fed should not rush into cutting interest rates, emphasizing the need to carefully monitor inflation trends before making any decisions. Kashkari highlighted the resilience of the economy and labor market, suggesting that while all options remain on the table for future policy, it would be prudent for the Fed to wait and observe. He noted that despite questions about inflation, it is too early to determine a clear trend and that the focus should be on achieving the 2% inflation target. Kashkari, who does not vote on policy this year, stressed the importance of taking time to make the right decisions regarding interest rates.
Source: YAHOO