Fed's Kashkari: Once inflation is headed back to 2%, the Fed can cut
Everyone at the Fed is saying the same thing but the timelines differ. They all want to wait for some confidence that inflation will fall to 2% but they have differing opinions on when that will be. I think what's ultimately important is that when growth stumbles, they will transpose that to falling inflation (perhaps a tad late) and signals cuts.So while they have different forecasts, they're all data dependent.These latest comments were from a Fox Business interview. This article was written by Adam Button at www.forexlive.com.
Everyone at the Fed is saying the same thing but the timelines differ. They all want to wait for some confidence that inflation will fall to 2% but they have differing opinions on when that will be.
I think what's ultimately important is that when growth stumbles, they will transpose that to falling inflation (perhaps a tad late) and signals cuts.
So while they have different forecasts, they're all data dependent.
These latest comments were from a Fox Business interview. This article was written by Adam Button at www.forexlive.com.