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Kashkari Says Fed Is ‘Quite a Ways Away’ From Pausing Rate Hikes

  • Minneapolis Fed chief waiting for evidence of peak inflation
  • It’s not up to the Fed to bail out investors, Kashkari says
Bloomberg business news
Fed 'Quite a Ways Away' From Pausing Rates: Kashkari
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The US central bank has not finished the task of bringing inflation down and is “quite a ways away” from pausing its campaign of interest-rate increases, Minneapolis Fed President Neel Kashkari said.

“We have more work to do,” Kashkari said Thursday during a talk hosted by Bremer Financial Corporation. “Until I see some evidence that underlying inflation has solidly peaked and is hopefully headed back down, I’m not ready to declare a pause. I think we’re quite a ways away from a pause.”