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The Fed Won’t Increase Rates Preventively – Neel Kashkari

Minneapolis Federal Reserve Chairman Neel Kashkari reiterated on Thursday that the Fed will not increase rates preemptively, as reported by Reuters.

Additional declarations

“The overall unemployment rate underestimates the slack; the real unemployment rate is 9.1%.”

“We need to vaccinate as many people as possible to prevent the fourth wave, to keep the recovery on the right track.”

“This year we will see a rebound in inflation, but it will be temporary.”

“I wouldn’t be surprised to see inflation of 2.5%, maybe more.”

“We are pretty confident that we can boost inflation in the short term, but we keep long-term expectations anchored.”

“The biggest risk to recovery is the variants.”

“Increasing the inflation target could undermine public confidence in the Fed.”

“At some point when the pandemic is behind us, the Fed will reduce its large balance sheet, but it will be larger than in the past.”

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