Fed’s Kashkari on Rates, Inflation, Bond Yields, US Economy
5 Articles
5 Articles
Fed’s Kashkari on Rates, Inflation, Bond Yields, US Economy
Federal Reserve Bank of Minneapolis President Neel Kashkari says that the central bank “will do what we need to do to get inflation back down to our target.” He also addresses the strength of the US economy, lessons learned on supply shocks, and a potential signal from US two-year Treasury yields. (Source: Bloomberg)
Neel Kashkari said the Fed will do "whatever it takes" to bring inflation back to the 2% target.
The Federal Reserve is prepared to raise interest rates as much as necessary to bring down inflation, but it is still unclear how much further increases are needed, Minneapolis Fed President Neel Kashkari said, Bloomberg News reports.
Minneapolis Fed President Neel Kashkari stated that it is the central bank's job to control inflation after five years of supply shocks, but said he doesn't know how much interest rates will need to rise to curb prices.
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