Speaking before the Barclays-CEPR International Monetary Policy Forum, Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank\u2019s policy stance is restrictive, but policymakers haven\u2019t entirely ruled out additional interest-rate increases.
\u201cI don\u2019t think anybody has totally taken rate increases off the table,\u201d Kashkari said Tuesday at an event in London. \u201cI think the odds of us raising rates are quite low, but I don\u2019t want to take anything off the table.\u201d
Kashkari echoed remarks he made earlier Tuesday, in an interview on CNBC, when he said officials should wait for more evidence that inflation is cooling before cutting interest rates, especially given the strong labor market and resilient economy.
\u201cWage growth is still quite robust relative to ultimately what we think would be consistent with the 2% inflation target,\u201d he said.
He added, \u201cWe have time to assess how much downward pressure we are putting on demand\u201d before making any new policy decisions.
Fed policymakers are widely expected to keep interest rates at a 23-year high when they next meet June 11-12 in Washington.
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Speaking before the Barclays-CEPR International Monetary Policy Forum, Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank\u2019s policy stance is restrictive, but policymakers haven\u2019t entirely ruled out additional interest-rate increases.\u201cI don\u2019t think anybody has totally taken rate increases off the table,\u201d Kashkari said Tuesday at an event in London. \u201cI think …<\/p>\n","protected":false},"author":13,"featured_media":101739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,9338,7983],"class_list":["post-101701","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-neel-kashkari","tag-rate-hike"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=101701"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101701\/revisions"}],"predecessor-version":[{"id":101737,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101701\/revisions\/101737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/101739"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=101701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=101701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=101701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}