Wed. Nov 13th, 2019

Minneapolis Fed’s Kashkari says central bank should use forward guidance at next meeting

1 min read

Minneapolis Fed President Neel Kashkari, in an op-ed in the Financial Times, said that the central bank should not only cut interest rates in September but also use forward guidance. “At a minimum, we should commit to not raising rates again until core inflation returns to our 2% target on a sustained basis,” Kashkari wrote. Kashkari rotates onto the Federal Open Market Committee next year.

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