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Mr. Kashkari said a rate cut in December was a reasonable consideration. The neutral rate could be higher and policy constraints less stringent. Geopolitical risks are the top consideration for the economic outlook. There was no comment on the Treasury nominee. The administration is needed to put the US on a sustainable fiscal path.
Fed Kashkari says it could take one to two years for inflation to fall to 2 percent, given the dynamics of the housing market; doesn't want to declare victory on inflation, but there are good reasons to be confident. A strong labor market is "encouraging" and the economy looks strong. If inflation picks up unexpectedly before December, that could put the Fed on hold. In a higher productivity environment, a higher neutral rate means the Fed has less room to cut rates. The Fed stops...
Fed's Kashkari: The strong labor market is "encouraging" and the economy looks strong. If inflation picks up unexpectedly before December, that could put us on hold.
The US economy remains very strong as the Federal Reserve makes progress in taming inflation, but the central bank is "not finished", said Mr. Kashkari. Mr. Trump's pledge to deport illegal immigrants on a large scale has raised questions about the likely impact on the economy and labour market. Mr. Kashkari said the deportation of migrants could cause "...
Federal Reserve Kashkari: We definitely want to avoid a recession, we have seen signs of weakness in the labor market, which is why the Federal Reserve cut interest rates by 50 basis points.
The Federal Reserve's Kashkari said that the increase in the U.S. budget deficit means that marginal interest rates will rise.
Kashkari said that generative artificial intelligence, after two years of development, appears to have real potential.
Federal Reserve Kashkari: Further "modest" interest rate cuts seem appropriate, and the future direction of monetary policy will be driven by data and economic performance.
The Federal Reserve's Kashkari said it currently believes the neutral federal funds rate is close to 3 percent; the level of the neutral rate faces significant uncertainty.
Federal Reserve Kashkari: The Federal Reserve policy rate is expected to be 4.4% by the end of 2024 and 3.4% by the end of 2025, in line with the median forecast of Federal Reserve policymakers.
The Federal Reserve's Kashkari said it expects the Fed's policy rate to be 4.4 percent by the end of 2024 and 3.4 percent by the end of 2025, in line with the median forecast by Fed policymakers.
Federal Reserve Kashkari: Open to cutting interest rates at the next meeting because of the growing likelihood of excessive weakness in the labor market.
The Federal Reserve said it is open to cutting interest rates at its next meeting because of the growing likelihood of excessive weakness in the labor market.
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