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Neel Kashkari

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economy1 year ago

Kashkari Warns Trump Tariffs May Spark Inflation via Trade Retaliation

Minneapolis Federal Reserve President Neel Kashkari warned that President-elect Donald Trump's proposed tariffs could exacerbate long-term inflation if they lead to retaliatory trade measures from global partners. While one-time tariffs may not impact inflation significantly, an escalating trade war could create uncertainty and inflationary pressures. Trump's plan includes universal tariffs on all imports, with a 60% rate on Chinese goods, raising concerns among economists and industry leaders. The Fed, which recently cut interest rates, remains focused on economic health, maintaining its political independence despite external pressures.

via CNBC|
#economy#federal-reserve#inflation
economy1 year ago

Kashkari: Robust Economy May Limit Rate Cuts

Federal Reserve Bank of Minneapolis President Neel Kashkari suggested that a stronger US economy and higher productivity growth might lead to fewer interest rate cuts than previously anticipated. Despite recent rate reductions, Kashkari emphasized the need to assess the impact of potential policies from the Trump administration and Congress on inflation before making further decisions. The Fed recently cut the benchmark rate to 4.5%-4.75%, but traders now expect fewer cuts due to robust economic growth and rising productivity.

via Yahoo Finance|
#economy#federal-reserve#interest-rates
economy1 year ago

Fed's Kashkari: Bipartisan Push for Lower Inflation

Minneapolis Federal Reserve President Neel Kashkari expressed confidence that both major U.S. political parties are aligned in their desire to lower inflation, despite potential political dynamics following Donald Trump's election. Kashkari emphasized the Fed's commitment to maintaining a strong economy and reducing inflation, following a recent interest rate cut. He noted the economy's resilience and suggested that sustained growth might necessitate higher interest rates. Kashkari downplayed concerns about potential conflicts with Trump over interest rate policies, focusing instead on the shared goal of economic stability.

via Yahoo Finance|
#economy#federal-reserve#inflation
economics1 year ago

Americans Favor Recession Over Inflation, Says Fed's Kashkari

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, stated that Americans have a strong aversion to inflation and would prefer a recession over rising prices. Consequently, he does not foresee a rate cut soon, despite Wall Street's expectations. Inflation remains stubbornly high at 3.4%, and Kashkari believes maintaining tight monetary policy is necessary. He also noted the U.S. economy's resilience and suggested that the base rate might stabilize around 2.5% in the future, but warned that rates could still rise if inflation does not decrease.

via Fortune|
#economics#federal-reserve#inflation
economics1 year ago

Fed's Kashkari Signals Prolonged Wait for Rate Cuts Amid Inflation Concerns

Minneapolis Federal Reserve President Neel Kashkari emphasized the need for "many more months" of positive inflation data before considering interest rate cuts, suggesting that rate hikes are still possible if inflation does not decrease further. Despite not being a voting member this year, Kashkari's views contribute to the ongoing discussions among policymakers, who recently decided to hold rates steady but remain open to future adjustments based on inflation trends.

via Fox Business|
#economics#federal-reserve#inflation
economics1 year ago

Fed Officials Signal No Rate Cuts Until Sustained Inflation Progress

Minneapolis Federal Reserve President Neel Kashkari stated that the Fed should wait for several more months of positive inflation data before considering interest rate cuts, and even suggested that rate hikes are possible if inflation does not decrease further. Kashkari emphasized the importance of patience in achieving the Fed's 2% inflation target and noted that he does not see an immediate need for rate cuts. Divergence in interest rate outlooks has emerged among major central banks, with the European Central Bank and the Bank of England expected to cut rates sooner than the Fed.

via CNBC|
#economics#federal-reserve#inflation
cryptocurrency1 year ago

Fed President's 'Incredible' Bitcoin Price Prediction Amid Inflation Warning

Federal Reserve president Neel Kashkari issued a controversial response when asked about the Fed putting bitcoin on its balance sheet, likening the cryptocurrency to Beanie Babies and expressing concerns about its lack of legitimate use cases in advanced democracies. Kashkari's comments were described as "incredible" by some, while others pointed out legitimate use cases for bitcoin. The bitcoin price rally has been partly attributed to market expectations of the Fed cutting rates due to the U.S. debt pile, with some predicting that the wider crypto market will benefit from the growing debt.

via Forbes|
#bitcoin#cryptocurrency#federal-reserve
financeeconomy1 year ago

"Insights from Fed Speeches: Harker, Barkin, Kashkari, and More"

Federal Reserve officials, including Austan Goolsbee, discussed higher-than-expected inflation readings and the broader outlook for price growth in moderated discussions and speeches, with Goolsbee noting that the recent inflation data likely doesn't alter the overall perspective on cooling price growth. Other officials such as Loretta Mester and Neel Kashkari also participated in the discussions.

via Bloomberg|
#austan-goolsbee#federal-reserve#financeeconomy
financeeconomy1 year ago

"Minneapolis Fed's Neel Kashkari Forecasts Limited Interest Rate Cuts Amid Tightened Policy"

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, expects the central bank to cut interest rates only two or three times this year, contrary to market expectations of more aggressive cuts. He emphasized the need to assess inflation data and economic growth before making decisions, and suggested that the real fed funds rate may not be as high as it appears when adjusted for inflation. Kashkari pointed to strong economic data and labor market growth as indicators that interest rates may not be exerting as much pressure on the economy as expected, providing more time to assess before reducing rates.

via CNBC|
#economic-growth#federal-reserve#financeeconomy
financeeconomics1 year ago

"Kashkari Supports Patient Approach to Interest Rate Cuts"

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, believes that the current high interest rates are not harming the economy and suggests that policymakers may have more time before deciding to cut rates. He argues that the neutral rate may be higher than previously estimated, indicating that the current monetary policy may not be as tight as assumed. This perspective aligns with recent statements from Federal Reserve Chair Jerome Powell, who indicated little need to hurry in lowering rates. Kashkari points to various economic data to support his view, while also acknowledging the need to monitor potential signs of economic stress.

via CNBC|
#economic-growth#federal-reserve#financeeconomics
economy2 years ago

Fed's Kashkari Urges Continued Efforts to Tackle Inflation

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the U.S. central bank still has more work to do in controlling inflation, despite the resilience of the economy. Kashkari's comments suggest that he is leaning towards raising interest rates again, as recent inflation data has been positive but he remains cautious and wants to see more data before deciding on the Fed's next move.

via Yahoo Finance|
#economy#federal-reserve#inflation
economy2 years ago

Fed Official Signals Prolonged High Interest Rates, Regional Banks Slide

Neel Kashkari, a member of the Federal Reserve, stated that the central bank is unlikely to cut its benchmark interest rate anytime soon, indicating that high interest rates could persist for a while. The Fed has raised interest rates 11 times since March 2022 to combat inflation, and Kashkari believes that the current rate could be maintained through the end of the year and beyond. While inflation has decreased, it remains above the Fed's target, and Kashkari emphasized the need for it to return to 2% before considering rate cuts.

via Investopedia|
#economy#federal-reserve#inflation
finance2 years ago

Fed's Kashkari: Uncertainty remains on future rate hikes

Neel Kashkari, President of the Minneapolis Federal Reserve Bank, stated that he is not ready to declare that the central bank is finished raising interest rates, citing that inflation is still too high. While he sees positive signs of progress, Kashkari wants convincing evidence that inflation is well on its way back down to the central bank's 2% target before allowing rates to remain steady. He also cautions that cutting rates is a long way off, as core inflation is still around 4%, twice the target rate.

via Yahoo Finance|
#federal-reserve#finance#inflation
economy2 years ago

"Minneapolis Fed Chief Remains Hopeful: US Economy's Recession Risk Diminishes Amid Ongoing Inflation Battle"

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, expressed optimism that the US economy can avoid a deep recession and achieve a "soft landing" as the Federal Reserve works to bring down inflation. Kashkari believes the economy has shown resilience and is making progress, but acknowledges the hardship caused by high inflation. The Fed aims to lower inflation to 2% without causing significant damage to the labor market. Kashkari stated that further interest rate hikes will be determined by data, and while he expects some job losses, he believes a modest increase in the unemployment rate can still result in a soft landing. The Fed recently raised interest rates to their highest level in 22 years and is projected to raise rates further this year.

via Fox Business|
#economy#federal-reserve#inflation