Fed's Kashkari Predicts 'Reasonable' December Rate Cut

Jun 16, 2024, 03:35 PM

Minneapolis Federal Reserve President Neel Kashkari stated on Sunday that it is a 'reasonable prediction' for the U.S. central bank to cut interest rates once this year, likely in December. Kashkari emphasized that the Federal Reserve is in a strong position to take its time and gather more data before making a decision on the rate cut. The median projection is for one rate cut towards the end of the year, according to Kashkari. He made these comments in an interview with CBS' 'Face the Nation'.