Federal Reserve Official Kashkari: Cautious About Monetary Policy And Does Not Rule Out The Possibility Of Raising Interest Rates Again

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Minneapolis Fed President Neel Kashkari joined a group of Fed officials on Friday to weigh in on the U.S. inflation outlook and the Fed’s policy stance. Minneapolis Fed President Neel Kashkari answered relevant questions in an interview with CNBC.

Main points

Be cautious about restrictive monetary policy.

Take a wait-and-see approach to the future of monetary policy.

The threshold for another rate hike is high, but the possibility of a rate hike cannot be ruled out.

The Fed will keep interest rates steady if inflation data suggests so.

Kashkari’s previous speech:

The current base case is that strong productivity will moderate.

The United States faces long-term housing supply challenges.

Rising interest rates will lead to a reduction in housing supply in the short term.