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Fed's Kashkari: Two rate cuts this year still seem appropriate
Summary: According to sources, the Federal Reserve's Kashkari stated that the economy is slowing down and the Fed needs to respond to the slowdown. Adjusting policy rates in the short term may still be appropriate. The answer to inflation issues may take some time to be known, while data on economic slowdown is clear. Two rate ...
According to sources, the Federal Reserve's Kashkari stated that the economy is slowing down and the Fed needs to respond to the slowdown. Adjusting policy rates in the short term may still be appropriate. The answer to inflation issues may take some time to be known, while data on economic slowdown is clear. Two rate cuts this year still seem appropriate, but if inflation rises due to tariffs, the Fed may pause rate cuts or even raise rates. Adjusting rate policy may be better than waiting. Unemployment rate data is very important, but the Fed is aware that this data may be revised.
