(CNBC) Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,” Kashkari said in an interview with CBS’ “Face the Nation” program.
Fed’s Kashkari says it’s ‘reasonable’ to predict a December rate cut
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