Federal Reserve Bank of Minneapolis President Neel Kashkari, who had penciled in one interest-rate cut this year, said the attacks on Iran make him less certain about that.
“Now, with the geopolitical events, we need to get a lot more data in,” Kashkari said Tuesday at the Bloomberg Invest conference in New York.
Kashkari added that the key question right now for inflation is how persistent higher energy prices are. The price of oil surged Monday and Tuesday after the US and Israel attacked Iran and signaled the conflict could last for weeks. (Source: Bloomberg)
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War Creates Uncertainty for Rate Path Says Fed's Kashkari (Full Panel)
