Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has said it is too early to declare that there are no risks to the banking sector following the collapse of Silicon Valley Bank (SVB) and regional lender Signature Bank last month, but that there are “hopeful” signs the turmoil may be over. “I’m not ready…
Fed’s Kashkari ‘Not Ready to Declare All Clear’ on Banking Sector Turmoil
Fed May Need to Push Policy Rate Above 4.75 Percent: Kashkari
The Federal Reserve may need to push its benchmark policy rate above 4.75 percent if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday. “I’ve said publicly that I could easily see us getting into the mid-4%s early next year,” Kashkari said at a panel at the Women…
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