Economy News Fed’s Kashkari Says Economy Strong, But Inflation Not Vanquished
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Kashkari says U.S. economy showing more strength than forecast
Minneapolis Federal Reserve President Neel Kashkari said on Thursday that he doesn’t foresee a significant increase in inflation or a major labor market slump. However, he noted that the labor market ... Read More
Fed's Kashkari Wanted Rate-Cut Pause in October, Reports Bloomberg News
(Reuters) -Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's ... Read More
The shutdown is complicating the Fed’s ability to help the economy
The Federal Reserve was already facing one of its most difficult battles, steering a shifting economy through a weakening labor market and stubborn inflation. The government shutdown just made that ... Read More
Minneapolis Fed’s Neel Kashkari cools on third rate cut this year
Minneapolis Fed leader Neel Kashkari has cast doubt on his earlier prediction the Federal Reserve Bank will cut interest rates for the third time this year. Kashkari posited that potential third cut ... Read More
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