Minneapolis Federal Reserve President Neel Kashkari told Reuters on Friday that he opposes any interest rate hikes through 2023 at least and that higher inflation readings will be transitory.Earlier Friday, St. Louis Fed President James Bullard told CNBC he thinks the first rate hike should come late next year.According to the central bank’s latest “dot plot” chart, a majority of Fed officials now see two rate hikes by the end of 2023. In March, the majority saw no rates hikes at all.
Kashari and four of his colleagues still don’t want any increase in rates through the end of 2023 forecast window. On the other hand, seven Fed officials penciled in one rate hike in 2022.Stocks DJIA, -1.58% COMP, -0.92% were sharply lower on Friday, in part a response to Bullard’s remarks. The yield on the 10-year Treasury note TMUBMUSD10Y, 1.438% rose initially but sank as the day progressed and ended at 1.437%.
LOL
That wouldn’t be good for his personal stock portfolio
This guy has an IQ on par with Brittney Spears, but at least she contributes to the economy thru singing and dancing.
And forever
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