Minneapolis Fed's Kashkari indicates interest rates don't need to be cut much more
CNBC·2026-01-05 22:12
Minneapolis Federal Reserve President Neel Kashkari said Monday that he thinks the central bank is close to the point where it should stop lowering interest rates.In a CNBC interview, the central banker said the key calculus now is whether the Fed should be more focused on a slowing labor market or stubbornly high inflation."My guess is we're pretty close to neutral right now," Kashkari said in a live CNBC "Squawk Box" interview. "We just need to get more data to see which is the bigger force. Is it inflati ...