Fed policy is 'modestly restrictive,' Kashkari says
- Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently"modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy, but not by a lot."In my judgment we are still at a modestly contractionary stance, but ultimately the economy will guide us, in terms of how far we are needing to go" in cutting interest rates further.
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