Kashkari: Raising US interest at a rapid pace may cause the economy recession
US Federal Reserve member Nail Kashkari indicated that there is uncertainty about the neutral interest rate. His most prominent statements were as follows:
- We monitor the economic data closely.
- There is still some stagnation in the US economy.
- I still believe that a quick rate hike could cause the economy to slide into recession.
- The housing and auto sector is taking my attention. We know that raising interest rates will have an impact on them.
- The agricultural sector is under pressure from lower prices and tariffs.
- Economic growth of 3% healthy.
- We collectively benefit from the independence of the FED
- Powell is turning his attention to the data at the moment.
- I see no evidence that the US will grow more than 2% in the long term
