Minneapolis Fed’s Kashkari indicates interest rates don’t need to be cut much more

Key Points

Minneapolis Fed President Neel Kashkari told CNBC on Monday that he thinks the central bank is close to the point where it should stop lowering interest rates.
“My guess is we’re pretty close to neutral right now,” Kashkari said.
Calibrating neutral is critical for Fed policymakers as they decide whether to continue the streak of three consecutive rate cuts implemented in the latter part of 2026.

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