Minneapolis Fed chief Kashkari open to pause in interest-rate hikes amid inflation fight

is signaling that he is open to potentially pausing the Federal Reserve’s interest-rate hikes aimed at tamping down inflation when the central bank meets next month, according to a report by the Wall Street Journal.

"I would object to any kind of declaration that we’re done. If the committee chooses to skip a meeting because we want to get more information, I could make the argument why that makes sense," Kashkari told the Journal. "A skip to get more information is very different in my mind than [saying], ‘Hey, we think we’re done.’"

Kashkari, who has become more hawkish on interest rates over the last year amid the Fed’s fight with inflation, noted in the interview that while inflation "does seem to be coming down" it has remained persistently higher than the Fed has anticipated in the face of the rate hikes.

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WSJ News Exclusive | Fed Official Is Open to Foregoing June Rate HikeMinneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting to give officials more time to assess the effects of past rate increases and the inflation outlook.
Source: WSJ - 🏆 98. / 63 Read more »