Minneapolis Federal Reserve Bank President Neel Kashkari, in a recent interview with CNBC, emphasized that the Federal Reserve should wait for significant progress on inflation before considering any interest rate cuts. Kashkari noted that inflation has moved sideways recently and stressed the need for many more months of positive inflation data to gain confidence in dialing back rates. He highlighted the resilience of the U.S. economy and the strength of the labor market as positive factors. However, Kashkari did not rule out potential rate hikes if inflation fails to decrease further, indicating that policy decisions will be data-driven. He also mentioned that wage growth remains robust relative to the 2% goal, and the short-run neutral rate may have temporarily increased. Kashkari reiterated that no one has taken rate increases off the table and that the Fed's policy is restrictive by most measures but not all.
$SPY - Kashkari: -don't think anyone has taken rate increases off table. -best to hold for as long as necessary to gain clarity
KASHKARI: IF SURPRISED BY DATA, FED WILL DO WHAT WE NEED TO DO
KASHKARI: POLICY RESTRICTIVE BY MOST MEASURES, BUT NOT ALL
KASHKARI: SHORT-RUN NEUTRAL RATE MAY HAVE GONE UP TEMPORARILY
🗨️ Fed's Kashkari: 📍 The US labor market has softened but remains tight. 📍 Policy is restrictive by most measures, but not all. 📍 If surprised by the data, the Fed will do what we need to. 📍 I don't think anyone has taken rate increases off the table. 📍 Wage growth is… https://t.co/UXQUQxF1FS
Kashkari: Fed Rate HIKES Possible to Tame Biden Inflation https://t.co/rkRd3XpPXk https://t.co/qFtngRuZeU
Fed's Kashkari Remarks: "I don't think anyone has taken rate increases off the table." "Policy is restrictive by most measures, but not all." "If surprised by the data, the Fed will do what we need to do." "Wage growth is still quite robust relative to the 2% goal." "The…
Fed's Kashkari: I don't think anyone has taken rate increases off the table. - Wage growth is still quite robust relative to the 2% goal. - The short-run neutral rate may have gone up temporarily. - Policy is restrictive by most measures, but not all. - If surprised by the…
FED'S KASHKARI: THE SHORT-RUN NEUTRAL RATE MAY HAVE GONE UP TEMPORARILY.
*KASHKARI: DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF TABLE Actually your boss has
FED'S KASHKARI: POLICY IS RESTRICTIVE BY MOST MEASURES, BUT NOT ALL.
FED'S KASHKARI: IF SURPRISED BY THE DATA, THE FED WILL DO WHAT WE NEED TO DO.
Kashkari: I don't think anyone has taken rate increases off the table Riiiiiight
Fed's Kashkari: Wage growth is still quite robust relative to 2% goal https://t.co/3y9mTjukXB
🇺🇸 FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE
KASHKARI: DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF TABLE
🔴 FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE.
FED'S KASHKARI: WAGE GROWTH IS STILL QUITE ROBUST RELATIVE TO THE 2% GOAL.
FED'S KASHKARI: THE US LABOR MARKET HAS SOFTENED, BUT REMAINS TIGHT.
Minneapolis Fed President Neel Kashkari says the central bank should wait for significant progress on inflation before cutting rates. Lindsey Piegza of @Stifel discusses: https://t.co/Vdkd77NK0y
⚠️ JUST IN: *FED’S KASHKARI WANTS TO SEE ‘MANY MORE MONTHS’ OF POSITIVE INFLATION DATA BEFORE A RATE CUT https://t.co/LcfDnbstAP
“[We need] many more months of positive inflation data, I think, to give me confidence that it’s appropriate to dial back [on rates].” - Minneapolis Federal Reserve President Neel Kashkari https://t.co/3FZLXifTEp
“Many more months of positive inflation data, I think, to give me confidence that it’s appropriate to dial back [on rates].” - Minneapolis Federal Reserve President Neel Kashkari https://t.co/O1Amd1vQT9
Fed’s Kashkari wants ‘many more months’ of positive inflation data before rate cut https://t.co/pPOk3DoXmk https://t.co/4OrSnq7d5S
Fed’s Kashkari Said the Central Bank Could Potentially Even Hike Rates if Inflation Fails to Come Down Further - CNBC Fed’s Kashkari Says Fed Should Wait for Significant Progress on Inflation Before Cutting Interest Rates - CNBC
Fed’s Kashkari wants significant progress on inflation before rate cuts
Fed's Kashkari wants significant progress on inflation before rate cuts https://t.co/EYzTwaqJvn https://t.co/9maJ08ZB7O
🔵 FED'S KASHKARI WANTS SIGNIFICANT PROGRESS ON INFLATION BEFORE RATE CUTS Full Story → https://t.co/iH0NctqTEj Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant…
Federal Reserve Bank of Minneapolis President Neel Kashkari says policymakers should take their time in monitoring whether inflation is slowing enough to warrant interest-rate cuts https://t.co/hStf3hDTIb
Fed's Kashkari wants 'many more months' of positive inflation data before a rate cut @CNBC https://t.co/mz8Dxn0wzi
Fed's Kashkari: No Hurry to Cut Rates, Wait and See Approach Amid Sideways Inflation https://t.co/hQWr8t1z27
Fed's Kashkari wants to see 'many more months' of positive inflation data before a rate cut https://t.co/q8jVPs2tKE
⚠️ FED'S KASHKARI SAID THE CENTRAL BANK COULD POTENTIALLY EVEN HIKE RATES IF INFLATION FAILS TO COME DOWN FURTHER - CNBC
⚠️ FED'S KASHKARI SAYS FEDERAL RESERVE SHOULD WAIT FOR SIGNIFICANT PROGRESS ON INFLATION BEFORE CUTTING INTEREST RATES - CNBC **FED'S KASHKARI SAID THE CENTRAL BANK COULD POTENTIALLY EVEN HIKE RATES IF INFLATION FAILS TO COME DOWN FURTHER - CNBC
FED'S KASHKARI SAID THE CENTRAL BANK COULD POTENTIALLY EVEN HIKE RATES IF INFLATION FAILS TO COME DOWN FURTHER - CNBC
Fed's Kashkari Wants To See 'Many More Months' Of Positive Inflation Data Before A Rate Cut - CNBC https://t.co/S9YuuzOJls
FED'S KASHKARI SAYS FEDERAL RESERVE SHOULD WAIT FOR SIGNIFICANT PROGRESS ON INFLATION BEFORE CUTTING INTEREST RATES - CNBC
⚠️ FED'S KASHKARI SAYS FEDERAL RESERVE SHOULD WAIT FOR SIGNIFICANT PROGRESS ON INFLATION BEFORE CUTTING INTEREST RATES - CNBC
FED'S KASHKARI: I WANT TO SEE MANY MORE MONTHS OF POSITIVE INFLATION DATA BEFORE A RATE CUT.
Fed's Kashkari: No hurry to cut interest rates https://t.co/EeiIWv6ZqY
❖ KASHKARI SAYS SHOULDN'T RULE ANYTHING OUT ON POLICY PATH ❖ KASHKARI SAYS DON'T SEE NEED TO HURRY AND CUT RATES
FED'S KASHKARI SAYS US ECONOMY HAS REMAINED REMARKABLY RESILIENT || SAYS DON'T SEE NEED TO HURRY AND CUT RATES
FED'S KASHKARI SAYS INFLATION HAS MOVED SIDEWAYS RECENTLY || SAYS NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES || SAYS SHOULDN'T RULE ANYTHING OUT ON POLICY PATH || SAYS FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
FED'S KASHKARI: I DON'T SEE A NEED TO HURRY AND CUT RATES.
FED'S KASHKARI: THE US ECONOMY HAS REMAINED REMARKABLY RESILIENT.
FED'S KASHKARI: THE FED IS IN A GOOD POSITION BECAUSE OF A STRONG LABOR MARKET.
FED'S KASHKARI: WE SHOULDN'T RULE ANYTHING OUT ON THE POLICY PATH.
🇺🇸 *#FED'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
FED'S KASHKARI: WE NEED TO WAIT AND SEE AND GET MORE CONFIDENCE ON PRICES.
FED'S KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY.