Federal Reserve Bank of Minneapolis President Neel Kashkari suggests that recent inflation data may question the adequacy of current monetary policy. Kashkari highlights a significant housing shortage, indicating a potential need for higher neutral rates in the housing market. He mentions that the central bank's most likely scenario is to maintain interest rates for an extended period until inflation aligns with their target, possibly for the entire year.
🚨 Two to zero cuts for 2024: Federal Reserve Bank of Minneapolis President Neel Kashkari Kashkari said it’s likely the central bank will keep interest rates where they are “for an extended period of time” until officials are certain inflation is on track to their target. In an… https://t.co/rJKJ1e0bSa
⚠️ FED MAY NEED TO HOLD RATES STEADY ALL YEAR, KASHKARI SAYS Full Story → https://t.co/zwNHOMfQJY Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an "extended period," and possibly all year,…
Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank’s most likely scenario on interest rates is “we sit here for an extended period of time,” until officials are certain inflation is on track to their target https://t.co/CgEj2nocRf https://t.co/ELSIiHjEjg
KASHKARI: ".. a significant shortage of housing that will take a long time to close. .. perhaps a neutral rate for the housing market is higher than before the pandemic." @neelkashkari @MinneapolisFed https://t.co/AmBKreZidn
Federal Reserve Bank of Minneapolis President Neel Kashkari says recent inflation data raise questions about whether monetary policy is restrictive enough https://t.co/Vf4Qt6fRce