Fed’s Kashkari prefers no more rate hikes until inflation hits 2% target

• October 2, 2017
• realestate
• Business & Markets, Real Estate, Real Estate Finance

Minneapolis Fed President Neel Kashari on Monday openly disagreed with Fed Chairwoman Janet Yellen by urging the central bank not to raise interest rates again until inflation hits the central bank’s 2% annual target.

“My preference would be not to raise rates again until we actually hit 2% core PCE inflation on a 12- month basis,” Kashkari said in an essay posted on his regional bank’s website.