Goolsbee and Kashkari: In a wait-and-see mode.
Minneapolis Fed Pres. Kashkari:Is cautious about how restrictive monetary policy isThe business community does not think that financial conditions are tight.I am in a wait and see modeCan't rule out raising ratesWe saw gains in the supply side of the economy which drove the declines inflation last year. I just don't know this year if we will see more.Is there argument that the neutral rate has gone up. Not sure where the neutral rate is now. That is why in a wait and see mode.The default is we will sit and wait for an extended period of timeThe bar is high for another rate hike but can't rule it outChicago Fed Pres. GoolsbeeWe have crosscurrents coming through on the dataPrice inflation on housing in the forefront of my mindSee some bumps in the inflation roadNothing is ever "not on the table"Housing inflation has remained well above precovid. If inflation is to come down, that would have to tick down. This article was written by Greg Michalowski at www.forexlive.com.
Minneapolis Fed Pres. Kashkari:
- Is cautious about how restrictive monetary policy is
- The business community does not think that financial conditions are tight.
- I am in a wait and see mode
- Can't rule out raising rates
- We saw gains in the supply side of the economy which drove the declines inflation last year. I just don't know this year if we will see more.
- Is there argument that the neutral rate has gone up.
- Not sure where the neutral rate is now. That is why in a wait and see mode.
- The default is we will sit and wait for an extended period of time
- The bar is high for another rate hike but can't rule it out
Chicago Fed Pres. Goolsbee
- We have crosscurrents coming through on the data
- Price inflation on housing in the forefront of my mind
- See some bumps in the inflation road
- Nothing is ever "not on the table"
- Housing inflation has remained well above precovid. If inflation is to come down, that would have to tick down.
