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2026-05-27 14:49:25
[Kashkari: The Fed must focus on curbing inflation risks, but it is far too early to predict the timing of the next interest rate adjustment] (1) Minneapolis Fed President Neel Kashkari said the Fed must focus on curbing the accumulating inflation risks, but it is "far too early" to predict the timing of the next interest rate adjustment. (2) He said the "inflation shockwave" triggered by the Middle East war may persist, and this concern is gradually being reflected in the bond market. Compared to the risk of a deteriorating labor market, the current inflation risk seems greater, but the Fed "must pay attention to both." (3) Kashkari had supported keeping interest rates unchanged in April, but opposed retaining the dovish forward guidance, advocating for "neutral guidance"—future interest rates depending on subsequent data. He said that since that objection, most data indicates that inflation risks are rising rather than falling. (4) When asked if he still supports neutral rather than hawkish wording, he replied, "I think so for now," but emphasized that "it is far too early for me to predict the timing of the next action."
