Fed's Kashkari says he expects two rate cuts this year, but it's possible there will be none
MarketWatch - Minneapolis Fed President Neel Kashkari said Thursday that he has penciled in two interest rate cuts this year, if the economy develops as he expects.
But Kashkari quickly added that progress on inflation has stalled and it’s possible that the central bank might not cut rates this year, if that trend continues.
“If we continue to see inflation moving sideways, it would make me question whether we needed to do those rate cuts at all,” Kashkari said, in a LinkedIn Live interview with Pensions and Investments Magazine.
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