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Central Banks

Kashkari Says Bar for Fed Policy Pivot on Rates Is ‘Very High’

  • Fed not seeing slowdown in underlying inflation, Kashkari says
  • Minneapolis Fed chief speaks at town hall event in Wisconsin
Neel Kashkari

Neel Kashkari

Photographer: Andrew Harrer/Bloomberg
Updated on

The bar for a Federal Reserve pivot away from monetary policy tightening is “very high” amid ongoing strength in underlying inflation, Minneapolis Fed President Neel Kashkari said.

“If the economy entered a steep downturn, we could always stop what we’re doing. We could always -- if we needed to -- reverse what we’re doing, if we thought that inflation was headed back down very, very quickly,” Kashkari said Wednesday during a town hall event in Rhinelander, Wisconsin.