Minneapolis Fed Pres.: Gov’t ‘Contributed to’ Inflation, We Need ‘Many More Months’ for Rate Cuts

(Via Breitbart)

During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government spending is “one of the factors that has contributed to the high inflation.”

Kashkari began by agreeing with Federal Reserve Chair Jerome Powell that inflation has “moved sideways.” Although, he added the last inflation reading was better than the previous months in 2024.