Neel Kashkari says yield curve shows Fed may have tightened policy too far GlobeBusiness
Brendan McDermid/Reuters
In an interview on Fox Business Network, Kashkari said that while he opposed the Fed’s recent rate increases, a recession for the United States is not his base case this year, though the risks are elevated. Asked if there could be a recession in 2020, Kashkari said he believes the recession odds are elevated, based on the signals from the yield curve. “But it’s not my base case,” he added.
The Fed earlier this month held its target range for short-term rates steady at 2.25 per cent to 2.5 per cent, and most policymakers forecast there would be no need for rates to rise for the rest of this year.
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