Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said it's 'entirely premature' to discuss any pivot away from the Fed's current policy tightening, even as he appeared to endorse the possibility of adjusting the size of future rate hikes.
Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank's headquarters in Minneapolis, Minnesota, U.S., January 10, 2020. REUTERS/ Ann Saphir
"I think we are on a good path right now: I think we are united in our commitment to getting inflation back down to 2%," Kashkari said at South Dakota State University's Ness School of Management and Economics. By raising rates "aggressively, but taking a few steps, we get to see how the economy evolves, we get to see what's happening with supply chains, and that reduces the risk that we are going to overshoot our mark."
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