By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday it is not clear yet whether the ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Michael S. Derby
Speaking on CNBC, Kashkari said he is not yet ready to say rates have been lifted enough to get inflation back to the 2% target. He said that he expects the U.S. central bank to hold rates steady next year after a likely final rate rise this year. "One thing that makes me cautious that we might not be as restrictive as we think" is the strength of consumer spending coupled with still strong gains in overall economic activity, amid the resilience of the housing and auto sectors even in the face of much tighter monetary policy, Kashkari said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Kashkari: Unsure if Fed has hiked enough to bring inflation to targetKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Fed's Kashkari: 60% chance of 'soft landing', 40% chance of notBy Ann Saphir (Reuters) - A
Read more »
Fed's Kashkari: 40% chance of needing 'meaningfully' higher ratesBy Ann Saphir (Reuters) -A
Read more »
Fed's Kashkari: 40% chance of needing 'meaningfully' higher ratesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Fed’s Kashkari Says One More Hike Needed Even With Soft LandingFederal Reserve Bank of Minneapolis President Neel Kashkari said he sees a 60% chance the US central bank can bring inflation down to its 2% target without causing severe damage to the economy.
Read more »
Fed's Kashkari sees another rate hike, then a holdKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »