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 Gold's Resilience Tested: Metal Stabilizes After Steep Decline READ MORE Rich Retirees' Spending Could Keep Fed Rate Cuts at Bay READ MORE Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates READ MORE US Treasury Yields Stabilize as Middle East Tensions Ease READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE Add a Comment Cancel replyYour email address will not be published.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