Kashkari: The Federal Reserve may stay put this year

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 hawkish policymakers at the Federal Reserve in recent years. He has no vote on interest rate decisions this year.