Fed's Kashkari: We're far, far away from declaring victory on inflation

  • Comments from the Fed's Kashkari
Fed Kashkari
  • CPI doesn't change my rate hike path. Expecting 3.9% at year-end and 4.4% at the end of 2023
  • We are united about our commitment to get inflation down to 2%
  • The idea of cutting rates in early 2023 is not realistic
  • It's more more realistic that we will raise rates and leave them there until inflation well on its way to 2%

It's a bit rich to be making predictions when you were the guy predicting rates would still be at 0% until 2024 not that long ago.

Top Brokers

Sponsored

General Risk Warning