News list for "kashkari"
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, who for years has been one of the fiercest opponents of cryptocurrencies, once calling them "worthless", "fraudulent" and "nonsense", recently said he would be open to cryptocurrencies. "I'm going to keep an open mind," Neel Kashkari said in an interview in New York on Tuesday. Still, Kashkari questioned the significance of cryptocurrencies in the conversation. The industry has been around for a long time, he said, but has not ...
In an interview with the media on Saturday, Minneapolis Fed President Neil Kashkari said that this matter (rate cuts) is really not dependent on short-term plans between Congress and the new administration - it's really about productivity and economic growth. If that growth can be sustained and our economy becomes more structurally efficient, then that tells me that we may not cut rates as much.
Kashkari, president of the Federal Reserve Bank of Minneapolis, reiterated his preference for a slower pace of interest rate cuts in the coming quarters. He backed the Fed's larger-than-usual rate cut last month but said he expected smaller cuts at future meetings. "Right now I'm forecasting more modest rate cuts in the coming quarters to be near neutral, but that will depend on the data," Kashkari said, referring to interest rates that neither stimulate nor constrain the economy. He said faster...
The 2026 FOMC voting committee and Minneapolis Federal Reserve President Kashkari will be interviewed by Bloomberg Television in ten minutes.
On April 19, the Federal Reserve said that before cutting interest rates, the Federal Reserve needs to gain more confidence that inflation is falling, and may delay the cut until 2024. Asked whether it would be appropriate to keep interest rates unchanged this year given the recent unexpected rise in inflation data, Kashkari said "it is possible". "I think we need to wait and see and be patient until we are sure that inflation is coming back to 2%," he said. Kashkari has been one of the more haw...
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