News list for " Shkali said"
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...
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 "...
The Federal Reserve's Kashkari said an unexpected weakening in the labor force would lead to a reconsideration of interest rates; modest rate cuts are expected in the coming quarters.
The Federal Reserve's Kashkari said that bitcoin has been around for more than a decade, but it is still useless. Kashkari has publicly expressed skepticism about cryptocurrencies on several occasions, arguing that bitcoin and other cryptocurrencies are mainly used for speculation and illegal activities and lack intrinsic value.
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.
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.
7x24 Newsflash
Hot News
