Federal Reserve's Kashkari: Still believes that two rate cuts this year are reasonable
Minneapolis Federal Reserve President Neel Kashkari stated that in the face of an economic slowdown, he still believes that two rate cuts this year are reasonable. He pointed out that the U.S. labor market is cooling and thinks that reversing the interest rate path may be more effective than waiting. At the same time, he expressed uncertainty about the ongoing impact of tariffs on prices
On August 6th, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis and a voting member of the FOMC in 2026, stated that the economic slowdown requires a response from the Federal Reserve.
He still believes that two rate cuts this year are reasonable, as the U.S. labor market is cooling, and reversing the interest rate path may be better than waiting. It is uncertain whether the impact of tariffs on prices will persist.
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