Minneapolis Federal Reserve President Neel Kashkari has suggested that upcoming US economic data will be a key factor in determining whether the Federal Reserve will implement another interest rate cut in December.
Kashkari, who is not a voting member of the Federal Open Market Committee this year, stated in a CBS "Face The Nation" interview, "The expectation is that we will do another rate cut in December. But we have to wait and see what the data actually looks like before we draw any conclusions." He added, "That's six weeks from now. But I do think another rate cut is certainly possible."
When asked about how the Fed would respond to a combative Trump administration, Kashkari emphasized that the central bank's independence is legally protected... no comment, except: EndTheFed
fascinating that mr Unlimited Cash gets invited back.
It's like these peeps don't have decency nor dignity.
Think of them as a self-declared 'elite'. The real human garbage
End the Fed would be the appropriate response to any thing that idiot Kashkari has to say.
He doesn’t think there are any limits on what the fed can do. However, he forgot that the fed is chartered by the federal government that has a ruling charter called the Constitution.
I seem to remember reading in the Constitution, somewhere, about who can emit money. I failed to see any mention of the Federal Reserve Bank, or any other bank at all.
Legally protected to inflate money to infinity?
Yep. A lovely bunch of parasites and rent-seekers
That is the government.