Fed's Kashkari: Rate cuts may have to wait until 2025
Kashkari of the Federal Reserve stated that the resilience of the US housing market surprised him; once inflation continues to fall back to 2%, we can lower interest rates; we need to be patient and wait until we are sure that inflation is declining; it may be necessary to wait until 2025 to lower interest rates; as political heat rises, the Federal Reserve is more focused on its own mission.
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