Economic news
Fed’s Kashkari says he is not ready to pause on rate hikes
2022.10.18 18:16
© Reuters. FILE PHOTO: Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis, Minnesota, U.S., January 10, 2020. REUTERS/ Ann Saphir
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he needs to see “some compelling evidence” that underlying inflation has peaked before he would be comfortable stopping the U.S. central bank’s interest-rate hikes.
“I’m not ready to pause,” Kashkari said at a panel at the Women Corporate Directors, Minnesota Chapter, in Minneapolis. “We have to get inflation down.”
