Minneapolis Federal Reserve Bank President, Neel Kashkari, said early Tuesday, “I am one of the fed policymakers who sees one more rate hike this year
President, Neel Kashkari, said early Tuesday, “I am one of the fed policymakers who sees one more rate hike this year.“Fed can definitely get back to 2% inflation.US rates probably have to go a little bit higher, be held there for longer, to cool things off -- remarks made earlier on Monday and now posted on the Minneapolis Fed website.
Falling inflation next year might justify backing off Federal funds rate to stop if from getting tighter.Effects of balance sheet runoff may not be fully felt yet.The US Dollar Index is seeing a fresh uptick on the above comments, currently trading at 106.01, modestly flat on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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