Neel Kashkari, President of the Minneapolis Federal Reserve, has suggested that additional rate hikes may be necessary if inflation does not improve. This position is part of a broader debate within the Federal Reserve about the appropriate level of interest rates. Kashkari dissented at the last meeting of the Federal Open Market Committee (FOMC), favoring a 25-basis-point increase. The committee, however, maintained the federal funds target range at 3.50% to 3.75%. The next Fed meetings, particularly the one in September, will be crucial in determining the future trajectory of monetary policy.
Source: Read the original article
