Minneapolis Fed President Neel Kashkari conveyed cautious optimism about the US. inflation outlook during his appearance on CBS’s “Face the Nation” on Sunday. Acknowledging that “a lot of progress ” was made in reducing inflation, he emphasized that the job is not yet complete, but noted that the economy is “on a good path” toward 2% inflation.
Kashkari anticipates another rate cut in December, contingent upon forthcoming economic data. He stressed the importance of monitoring “what the data looks like” before making a definitive decision.
Addressing concerns about renewed trade war under the new administration, Kashkari remarked that one-time tariffs “shouldn’t have an effect long run on inflation.”
However, he cautioned that escalating “tit-for-tat” tariff measures between countries could lead to greater uncertainty and have more significant economic implications.
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