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Fed’s Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank’s policy stance is restrictive, but policymakers haven’t entirely ruled out additional interest-rate increases. “I don’t think anybody has totally taken rate increases off the table,” Kashkari said Tuesday at an event in London. “I think the odds of us raising rates are quite low, but I don’t want to take anything off the table.” 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, ... (full story)