Federal Reserve officials, including Loretta Mester and Neel Kashkari, are cautious about cutting interest rates despite positive economic indicators. Mester emphasizes the need for more low inflation readings before rate cuts, while Kashkari stresses the importance of waiting for evidence of inflation reaching 2%. The Fed aims to balance maintaining a healthy job market with achieving its 2% inflation target, with Powell highlighting the dual mandate and strong economy.
Federal Reserve Bank of Minneapolis President @NeelKashkari said the central bank is in a good position to take its time and watch incoming data before starting to cut interest rates. https://t.co/v8UORXKkqe via @economics @catarinasaraiva
Federal Reserve Chair Jerome Powell said the central bank does not yet have the confidence to start lowering interest rates this week: https://t.co/mW6PlnKTmR
Minneapolis Federal Reserve President Neel Kashkari said more evidence needs to be shown to prove that inflation is on a downward trend to cut interest rates. https://t.co/Z4Ecla4KI1
Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank is in a good position to take its time and watch incoming data before starting to cut interest rates https://t.co/jpOqBSRvHd
Asked about some Senate Democrats who have written to Fed Chair Powell urging the Fed to cut interest rates to improve a housing shortage, @MinneapolisFed Pres. @neelkashkari says, "if we simply cut interest rates to try to support home ownership right now, that would probably… https://t.co/O9cSyM0gHX
FED’S KASHKARI: WE NEED TO SEE MORE EVIDENCE TO CONVINCE US INFLATION’S HEADING TO 2% -- CBS’ FACE THE NATION FED’S KASHKARI: US ECONOMY IS STRONGER THAN IN OTHER COUNTRIES THAT ARE CUTTING RATES FED’S KASHKARI: JOB MKT HAS PERFORMED BETTER THAN EXPECTED
"We don't think it'll be appropriate to loosen policy until we're more confident that inflation is moving down to 2%," Fed Chair Powell told @Jenniferisms at Wednesday's press conference. "That's our dual mandate there. We have a strong economy. We have growth." https://t.co/Ejpc1XChDK
#Fed's #Mester Says Policy Well Positioned For Risks On Both Sides - Aims To Maintain Healthy Job Market As Inflation Falls - Says Business Contacts' Feedback Aligns With Economic Data - Businesses Find It Harder To Raise Prices This Year
#Fed's #Mester Says Still Work To Do To Gain Confidence In Inflation - Bloomberg Interview - Median SEP Projection Close To Mine For Economy - Want A Few More Months Of Similar Inflation Data - Says Probably Won't Reach 2% Inflation Until 2026
Mester says Fed needs to see more low inflation readings before cutting interest rates https://t.co/PgX3rvgWXj
Goolsbee thrilled by low inflation but says Fed needs more proof prices are easing. https://t.co/bBbgl1lLy4
The Federal Reserve says the U.S. economy is headed in the right direction but needs to see "more good data" before cutting interest rate. | By @DNTechHive https://t.co/cszHIpsiI7
Federal Reserve Bank of Chicago President Austan Goolsbee says he wants to see more months of inflation data like May to feel better about inflation approaching the Fed's 2% inflation goal. He speaks the Iowa Farm Bureau Economic Summit https://t.co/fnaUL3Y78T https://t.co/TeQrBMx8cH
Federal Reserve Bank of Cleveland President Loretta Mester said the central bank faces a “calibration exercise” to maintain both parts of their mandate when the Fed begins the process of normalizing rates https://t.co/peKqGhnXhK https://t.co/Bi9v3peuxg
Bank of Cleveland Fed President Loretta Mester said she wants to see a few more months of similar positive data before the central bank begins the process of normalizing rates as she doesn’t expect inflation all the way back to the 2% Fed target until 2026 https://t.co/B03EHWCAqL https://t.co/Qj4iOU59ik
LISTEN NOW: The Fed’s Loretta Mester says it’s important not to wait too long to cut rates, but our guest says the bifurcation she’s seeing in the economy all but guarantees we’ll be higher for longer. Listen and follow the @CNBCTheExchange podcast here: https://t.co/tsZvRrrBYa https://t.co/X78ezm0cuv