Fed’s Kashkari: Threat to rate cuts in 2024 if inflation stalls

Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that during the Fed’s meeting last month, he pencilled in two interest rate cuts this year, but if inflation remains low, none may be necessary this year.

Extra Quotes

“I don't see any reason why when we cut federal funds rate we can't continue with our balance sheet plan.”

“I expect to see more mergers in banking sector”.

“In March I jotted down two rate cuts for this year.”

“But if inflation continues to move sideways, makes me wonder if we should cut rates at all this year.”

“Still no legitimate use case for bitcoin.”