Minneapolis Fed President Neel Kashkari, in an interview with Wall Street Journal, suggested that Fed could afford to adopt a slower pace in its current policy trajectory, while emphasizing that this should not be construed as the end of their monetary tightening efforts.
Expressing his openness to a slower approach, Kashkari stated, “I’m open to the idea that we can move a little bit more slowly from here,”. However, he strongly disagreed with any sentiment that suggested the Fed’s task was complete. “I would object to any kind of declaration that we’re done,” he clarified.
Kashkari went on to argue that skipping a meeting to gather more data could be a sensible decision. “If the committee chooses to skip a meeting because we want to get more information, I could make the argument why that makes sense,” he explained.
He further distinguished this action from an implied cessation of the Fed’s work, saying, “A skip to get more information is very different in my mind than [saying], ‘Hey, we think we’re done.'”
