The president of the Federal Reserve Bank (FED) of Minneapolis, Neel Kashkari, added his voice to the precautionary tones of several Fed officials on Tuesday. Kashkari reaffirmed the position of waiting and seeing of the Fed on the possible impacts of tariffs on inflation and economy in general before making firm decisions about the movement of interest rates.
Key aspects
I am listening to companies, solid foundations and nervousness about tariffs.
Tariffs have introduced complexity.
We are still above the inflation target of 2%, but we have made a lot of progress.
The Fed is in waiting mode to obtain more clarity on the effect of tariffs on inflation.
I want to have a better idea of ​​what is really happening before we make a change in politics.
Tariffs remain an interrogation sign for politics.
I don’t know if the exceptionalism of the dollar will change, and I don’t know when much debt becomes too much.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
