Central Banks
Fed’s Kashkari Sees Two to Three Rate Cuts as Appropriate in 2024
- A ‘few more months’ of data would give us confidence, he says
- Minneapolis Fed chief says jobs market to dictate pace of cuts
Neel Kashkari
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Federal Reserve Bank of Minneapolis President Neel Kashkari said officials would like to see “a few more months” of inflation data before cutting interest rates, adding that he thinks two to three cuts will likely be appropriate for 2024.
“We’re not looking for better inflation data, we’re just looking for additional inflation data that is also at around this 2% level,” Kashkari said Wednesday on CNBC. “If we get to see a few more months of that data, I think that will give us a lot of confidence.”