Federal Reserve Bank of Minneapolis President Neel Kashkari stated that rate increases are still a possibility, with wage growth remaining strong relative to the 2% goal. Kashkari believes policy is restrictive by most measures but not all, and the Fed will act accordingly if surprised by data. He also mentioned that the odds of the Fed raising rates are low, and commercial real estate poses a risk with potential significant losses.
Fedโs Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out https://t.co/6jMHPBTGj2
Fed's Kashkari has said: commercial real estate is a risk, and I expect big losses.
Bloomberg: Fedโs Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out We go in โญ๏ธ What do you think? ๐ค
Fedโs Kashkari 'not ruling out' a hike but expects rates to hold steady for 'extended' period https://t.co/I4jR8JphiL by @Jenniferisms
Rate Hikes Arenโt Off the Table, Fedโs Kashkari Says https://t.co/7LHT06FAUK
* KASHKARI: THINK THE ODDS OF FED RAISING RATES ARE QUITE LOW * KASHKARI: COMMERCIAL REAL ESTATE A RISK, EXPECT BIG LOSSES * KASHKARI: WAGE GROWTH STILL QUITE ROBUST RELATIVE TO 2% GOAL @reuters
๐จ๏ธ Fed's Kashkari: ๐ I think the odds of the Fed raising rates are quite low. ๐ We could stay on hold for an indefinite period of time. ๐ Commercial real estate is a risk; I expect big losses. ๐ I don't think that weakness in the economy is needed to lower inflation. https://t.co/rKMBOrkKNI
FED'S KASHKARI: COMMERCIAL REAL ESTATE A RISK, I EXPECT BIG LOSSES.
โI donโt think anybody has totally taken rate increases off the table,โ Kashkari said Tuesday at an event in London. โI think the odds of us raising rates are quite low, but I donโt want to take anything off the table.โ https://t.co/rxHfBLwGLX
โI donโt think anybody has formally taken (rate hikes) off the table,โ Federal Reserve Bank of Minneapolis President Neel Kashkari says at an event in London https://t.co/xFBNFoi7xo https://t.co/gFJKn1fS1w
*KASHKARI: THINK THE ODDS OF FED RAISING RATES ARE QUITE LOW *KASHKARI: THINK THE ODDS OF FED RAISING RATES ARE QUITE LOW still not hearing anything new from these guys... just talk, word salad ๐ฃ๏ธ
FED'S KASHKARI: I THINK THE ODDS OF THE FED RAISING RATES ARE QUITE LOW.
๐จ๏ธ Fed's Kashkari: ๐ The US labor market has softened but remains tight. ๐ Policy is restrictive by most measures, but not all. ๐ If surprised by the data, the Fed will do what we need to. ๐ I don't think anyone has taken rate increases off the table. ๐ Wage growth isโฆ https://t.co/UXQUQxF1FS
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." "Theโฆ
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 theโฆ
Kashkari: I don't think anyone has taken rate increases off the table Riiiiiight
๐บ๐ธ 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
๐ด FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE.
โ KASHKARI SAYS SHOULDN'T RULE ANYTHING OUT ON POLICY PATH โ KASHKARI SAYS DON'T SEE NEED TO HURRY AND CUT RATES