Kashkari's Call: More Rate Cuts Needed?
Fed official Neel Kashkari now supports multiple rate cuts this year to combat slowing job growth, a shift from his earlier stance. He believes the risk of rising unemployment outweighs inflation concerns, even with tariffs in place. While a recent rate cut was widely supported, the Fed remains divided on future action, and Kashkari cautions that rate cuts may not significantly impact long-term rates like mortgages. Hosted on Acast. See acast.com/privacy for more information.