U.S. Fed hawks "will cut interest rates in economic growth"

2024.11.10. AM 06:29
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Federal Reserve Bank of Minneapolis Governor Neil Kashkari, a hawkish preference for monetary tightening, said the rate cut could be smaller than expected if the U.S. economy continues to grow strongly and improve productivity.

"Productivity and economic growth are more important than the short-term policies planned by the U.S. Congress and the next administration," Kashkari told Fox News.

He also noted that it was too early to judge at this point whether the policies of the incoming Donald Trump administration would trigger inflation.

Kashkari is the first senior Fed official to make a public statement except for Fed Chairman Jerome Powell after the Fed lowered its key U.S. interest rate by 0.25 percentage points to 4.5-4.75 percent on the 7th.

Kasikari has emphasized that the Fed's rate cuts may be smaller than expected under the premise that economic trends should be seen, but he does not cast his vote on the Fed's monetary policy decisions this year and next.



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