Minneapolis Fed President Neel Kashkari said in an article, ” I supported increasing the federal funds rate by 75 basis points at this week’s meeting, and could support another such move in July”. But he also warned to “too much more front-loading”.
“A prudent strategy might be, after the July meeting, to simply continue with 50-basis-point hikes until inflation is well on its way down to 2 percent,” he said. “Obviously, in such a scenario, the FOMC would still need to remain data-dependent and have the flexibility to account for economic developments that might arise.”
