Published on 29 May 2024 on TheStreet via Yahoo Finance
One should listen carefully to what Neel Kashkari is saying about interest-rate cuts, and, if you do, you may not be happy.
The president of the Minneapolis Federal Reserve Bank was clear Tuesday that he believes the Federal Reserve should not rush to to cut interest rates, and he offered up the possibility rates may actually have to move higher before the Fed starts to begin trimming.