Minneapolis Fed Pres. Kashkari: At this moment 2– 3 cuts seems appropriate
Monetary policy may not be putting as much downward pressure on demand as we thinkIf labor market continues to be strong, we can dial back policy rate quite slowlyAt this moment, 2-3 cuts seem appropriateIf we can see a few more months of good inflation data, will give confidence on way back to 2% inflationMost commercial real estate sector, aside from office segment is doing wellEconomy showing to be remarkably resilientSo for data has been resoundingly positive. We're going to have to see how the economy performs.On spending for goods, there seems like there are some longer live consumer and business behaviors behaviors that we are going to have to monitorKashkari is a nonvoting member in 2024. He has tended to be more hawkish of late. This article was written by Greg Michalowski at www.forexlive.com.
- Monetary policy may not be putting as much downward pressure on demand as we think
- If labor market continues to be strong, we can dial back policy rate quite slowly
- At this moment, 2-3 cuts seem appropriate
- If we can see a few more months of good inflation data, will give confidence on way back to 2% inflation
- Most commercial real estate sector, aside from office segment is doing well
- Economy showing to be remarkably resilient
- So for data has been resoundingly positive. We're going to have to see how the economy performs.
- On spending for goods, there seems like there are some longer live consumer and business behaviors behaviors that we are going to have to monitor
Kashkari is a nonvoting member in 2024. He has tended to be more hawkish of late.