Fed's Kashkari: Fed must avoid cutting rates prematurely

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Fed's Kashkari: Fed must avoid cutting rates prematurely – by eren_fxstreet Fed CentralBanks

"Appropriate to continue interest rate hikes at least at the next few meetings until confident inflation has peaked.""Fed should then hold target interest rate and says his"Won't know if that is high enough until Fed pauses for a reasonable period of time."need to go higher or remain at peak for longer."

"Fed can consider cutting rates only when convinced inflation well on its way back down to 2% target."showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 104.05. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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