Kashkari says Fed is serious about lowering inflation
Kashkari says the Fed is serious about lowering inflation despite the Iran war. He noted the labor market is improving but rate hikes must remain an option.
Minneapolis Federal Reserve President Neel Kashkari said the United States central bank is determined to lower inflation despite recent geopolitical pressures. Kashkari noted the labor market improved since earlier this year, though conflict in Iran has pushed price growth above target levels. His remarks signal a preference for keeping interest rate hikes on the table to ensure price stability.
### The Case for Rate Flexibility Kashkari was one of three policymakers to dissent at the April FOMC meeting. He advocated for language that would allow for potential rate increases rather than just cuts. He emphasized this stance during a St. Paul Area Chamber event on Wednesday.
