Fed's Kashkari: Bipartisan Push for Lower Inflation

Minneapolis Federal Reserve President Neel Kashkari expressed confidence that both major U.S. political parties are aligned in their desire to lower inflation, despite potential political dynamics following Donald Trump's election. Kashkari emphasized the Fed's commitment to maintaining a strong economy and reducing inflation, following a recent interest rate cut. He noted the economy's resilience and suggested that sustained growth might necessitate higher interest rates. Kashkari downplayed concerns about potential conflicts with Trump over interest rate policies, focusing instead on the shared goal of economic stability.