Fed's Kashkari: Further modest rate cuts appear appropriate
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said on Monday that the monetary policy is still in a restrictive stance, adding further "modest" rate cuts could be appropriate, per Reuters.
Key takeaways
"One of Fed's most important assets is credibility."
"Economy is in final stages of getting inflation back to 2%."
"It's unclear how restrictive monetary policy is."
"The job market remains strong."
"Recent jobs data shows labor market isn't weakening quickly."
"Future path of monetary policy to be driven by data, economy's performance."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.