Fed’s Kashkari Warns of Possible Need for More Rate Hikes
Wall Street Journal, Sept. 26, 2023–Bob Fernandez
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, gives the U.S. economy a 60% chance of a soft landing with one more interest-rate hike, according to an essay released Tuesday.
But the policy maker warned that a quarter-percentage-point increase in interest rates might not be enough to bring inflation down to the Fed’s 2% target.
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