Minneapolis Fed president calls for more cuts

Neel Kashkari
Neel Kashkari, Federal Reserve Bank of Minneapolis

The Federal Reserve needs to make further rate cuts to boost economic activity, Minneapolis Fed president Neel Kashkari has said.

The Fed president said in remarks on October 7 that he was “happy” the central bank lowered rates in its last two meetings and that further cuts are still necessary. But he added that he is unsure how much more accommodation is required.

Kashkari, a long-time dove, argued that while unemployment is at historically low levels, many people “gave up” looking for jobs

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: