|

Fed’s Kashkari: if Congress passes a tax bill, Fed will update economic models

Fed’s Kashkari is speaking on a panel at Winona State University's Town Hall Forum, in Minnesota. Fed’s Kashkari is a voting member and a dove.

  • Fed’s Kashkari: pulling up the drawbridges on trade is a loser strategy for the us.
  • Trade has benefited the US economy greatly overall.
  • Fed’s Kashkari: if Congress passes a tax bill, Fed will update economic models, which may chang the path of interest rates.

Previous comments as follows:

  • Right now Fed does not see signs of an impending correction that will lead to a terrible crisis.
  • Doesn't think that raising interest rates to bring down the stock market is a good idea.
  • Sees no reason to tap the brakes on the economy.
  • Sees no reason to raise rates when inflation continues to run low.
  • Trump is making thoughtful, reasonable appointments to Fed Board.
  • He is positive about how Fed staffed and where it is heading. 
  • Would like the Fed to hold off on tightening until inflation was above 2% and that the hikes may have slowed the recovery.  

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.