All articles tagged with #kashkari
Minneapolis Fed President Neel Kashkari says the Fed should start slowly raising rates to cool inflation, advocating a gradual approach possibly starting in September and stressing data dependence, even as the FOMC largely held rates steady and markets price small chances of action later this year.
Neel Kashkari, head of the Minneapolis Fed, condemned White House adviser Kevin Hassett’s suggestion that New York Fed researchers be punished, calling it an effort to undermine the Fed’s independence. He cited DOJ subpoenas related to Fed headquarters as evidence of political pressure, stressed that the Fed must decide based on data, and highlighted the value of diverse research from all 12 regional banks in informing policy.