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I am cautious about monetary policy, can’t rule out another hike

Minneapolis Federal Reserve (Fed) President Neel Kashkari added his voice to the procession of Fed officials giving their views on the US inflation outlook and the Fed’s policy stance on Friday. Minneapolis Fed President Kashkari responded to questions during an interview with CNBC.

Key highlights

I am cautious about how restrictive monetary policy is.

I am in wait-and-see mode about the future of monetary policy.

The bar is high for another rate hike, but can’t rule it out.

The Fed will keep rates steady if inflation data warrants.

Earlier comments from Kashkari:

The current baseline is that strong productivity rates will moderate.

The US has a long-term housing supply challenge.

Higher rates will lead to less housing supply in the short term.

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