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.
“The U.S. economy is in a good place,” Kashkari said at a Yahoo! Finance event.
“In my judgment, we are still at a modestly contractionary stance, but ultimately the economy will guide us, in terms of how far we need to go” in cutting interest rates further.
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto. Read Full Bio
