Minneapolis Fed President Cautious on Rate Cuts, Sees Elevated Rates Through 2024 from and meeting Watch Video
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⏲ Duration: 0:46 👁 View: 3.2M times ✓ Published: 09-May-2024
Description: Minneapolis Federal Reserve President Neel Kashkari said interest rates may need to remain elevated through 2024 for the Fed to see that inflation is firmly declining. Kashkari wants to see multiple reports of progress on reducing inflation before supporting rate cuts, noting he would need positive inflation readings and weaker job growth data showing disinflation is on track. He said the bar for rate cuts is \