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1 year ago

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Fed's Kashkari: More rate hikes ahead, and possible recession

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Fed's Kashkari: More rate hikes ahead, and possible recession

Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he is sticking to his view that the U.S. central bank will need to raise its policy rate another 1.5 percentage points this year and more in 2023, even if that causes a recession.

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Fed's Kashkari: More rate hikes ahead, and possible recession

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Fed's Kashkari: More rate hikes ahead, and possible recession

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