Fed’s Kashkari says it is appropriate to debate Sept rate cut, WSJ reports

08/19/2024

Less than a minute

2024.08.19 06:49

© Reuters. FILE PHOTO: Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023. REUTERS/Mike Segar

(Reuters) – Minneapolis Fed President Neel Kashkari said the debate about potentially cutting U.S. interest rates in September is an appropriate one to have because of a rising possibility of a weakening labor market, the Wall Street Journal reported on Monday.

“The balance of risks has shifted, so the debate about potentially cutting rates in September is an appropriate one to have,” Kashkari told the Journal in an interview conducted on Friday.

08/19/2024

Less than a minute

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