Economics
It’s Not Clear If Fed Will Have to Induce a Recession to Control Inflation, Official Says
- Fed’s most dovish official says ‘it’s easy to be a hawk’ now
- Central bank may face trade-offs, Minneapolis Fed chief says
Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis
Photographer: Bloomberg/BloombergThis article is for subscribers only.
The Federal Reserve official who has long been the central bank’s most dovish policy maker said it’s an open question whether he and his colleagues will have to induce a recession to bring inflation down.
“My colleagues and I are going to do what we need to do to bring the economy back into balance,” Minneapolis Fed President Neel Kashkari said Tuesday during a town hall event in Sault Ste. Marie, Michigan.