Hacker News·3 min read·hard
Fed's Kashkari says 'now is the time to start slowly moving' rates up
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mapping365
✦AI Summary
Federal Reserve official Neel Kashkari has advocated for a gradual increase in interest rates to combat persistent inflation. He argues that current economic data does not support the view that monetary policy is sufficiently restrictive.
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that he thinks higher interest rates are needed now to bring down inflation and avoid more drastic increases later.
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