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Fed's Kashkari Says He Doesn't Know How High Rates Must Go
Original: Fed’s Kashkari Says He Doesn’t Know How High Rates Must Go
Minneapolis Federal Reserve President Neel Kashkari said he does not know how high US interest rates will need to rise to bring inflation back down. The comments add to uncertainty about the pace of future rate increases, with investors and economists closely watching Fed officials for signals on how much further policy tightening may go.
Why now: Traders and economists are searching for clues about the Fed's next moves on interest rates.
Evidence
- Fed’s Kashkari Says He Doesn’t Know How High Rates Must Go · Bloomberg.com
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