Economy News Minneapolis Fed Chief Kashkari Hopeful Us Economy Can Avoid Recession As Inflation Fight Continues

Minneapolis Fed’s Neel Kashkari: Fed cuts might not lead to lower mortgage rates

American consumers are waiting for the Federal Reserve to cut rates so they can buy or sell their homes, but Minneapolis Fed President Neel Kashkari said Tuesday that the long-awaited mortgage rate ... Read More

As the shutdown drags on, here’s how it can drag down the economy

History has shown that the economy typically rebounds from a shutdown within a couple of months. But each day it drags on brings a greater risk that the economy won’t just bend, it will start to break ... Read More

Minneapolis Fed's Kashkari sees some 'stagflationary' signals

"Some of the data that we're looking at is sending some stagflationary signals," Minneapolis Fed President Neel Kashkari said on Tuesday. Stagflation is when inflation rises at the same time that ... Read More

Fed's Kashkari: Economy may not be slowing as much as we think

(Reuters) -Minneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge, though of the ... Read More

The Fed still hasn’t defeated high inflation. Has it failed?

The Federal Reserve stepped in last month to safeguard America’s labor market, cutting rates by a quarter point to shore up a slowdown in hiring. But it has another equally important problem still to ... Read More

Minneapolis Fed’s Neel Kashkari: Fed cuts might not lead to lower mortgage rates

The amount of money flowing into AI, while its propping up the U.S. economy, means less to invest in housing. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, spoke at the ... Read More