Minneapolis Fed President. Kashkari:
- He is cautious about how restrictive monetary policy is
- The business community does not believe that financial conditions are tight.
- I'm in wait and see mode
- An increase in interest rates cannot be ruled out
- We have seen gains on the supply side of the economy leading to lower inflation in the past year. I don't know this year if we'll see more.
- Is there an argument that the neutral rate has risen?
- I'm not sure where the neutral rate is now. That's why we have a wait-and-see mode.
- The default is that we will sit and wait for a long period of time
- The bar is high for another rate hike but it cannot be ruled out
President of the Federal Reserve Bank of Chicago. Goolsby
- We have cross-streams coming through the data
- Housing price inflation is at the forefront of my concerns
- See some bumps in the road to inflation
- Nothing is ever “off the table.”
- Housing inflation remains well above the pre-Covid period. If inflation is to fall, it must fall.
This article was written by Greg Michalowski at www.forexlive.com.
