Neel Kashkari, a member of the Federal Reserve, shared optimistic views on the US economy and hinted at a potential interest rate cut in his recent statement. Speaking on CBS’s Face the Nation program, Kashkari highlighted the need for more evidence to support the idea that inflation is reaching the target of 2%. He also pointed out that the US economy is outperforming other nations that have already reduced their interest rates.
In a surprising move, Kashkari suggested that a rate cut could be expected in December. He emphasized the Fed’s cautious approach, stating that they are in a strong position to gather more data before making any decisions on interest rates. The consensus among economists is that a rate cut is likely towards the end of the year, aligning with Kashkari’s earlier predictions.
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