Fed's Kashkari backs interest rate hikes 'at least the next few meetings'

Minneapolis Fed President Neel Kashkari on Wednesday said he wants rate hikes and the next few meetings "at least."

The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” said Minneapolis Fed President Neel Kashkari on Wednesday.

Last... The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” said Minneapolis Fed President Neel Kashkari on Wednesday. Kashkari also warned that the Fed “must avoid” cutting rates prematurely. That could lead inflation to flare back up again as it did in the 1970s, he said.

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