Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts Minneapolis Federal Reserve Bank President Neel Kashkari stated that the Fed should see significant progress on inflation before considering interest rate cuts. In a CNBC interview, he emphasized the need for several months of positive inflation data and mentioned the possibility of further rate hikes if inflation does not decrease. Although Kashkari initially anticipated two rate cuts this year, continued inflation may prevent any cuts by year-end. Recent data showed a smaller-than-expected increase in U.S. consumer prices in April. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central Banks Tread Cautiously in Final Stretch of Inflation Battle READ MORE World Gold Council: Why Are Gold Prices Rising? READ MORE Global Central Banks Favor Gold Over Dollar, Expecting Increased Reserves READ MORE Gold's Long-Term Strength Predicted to Persist READ MORE Talent Exodus Under John Williams Sparks Concerns at New York Fed READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment