Fed's Kashkari: Becoming more confidence that tariff impact on inflation will be temporary

Kashkari on CNBC:Not sure how many more cuts would be needed to get to neutralIt’s possible that cutting short term rates will not translate into lower long-term ratesPeople are betting on the institutions of the country to maintain Fed independenceImportant underlying components of inflation including housing and non-housing services do seem to be coming downPowell achieved a tremendous consensus, which is a credit to himPolitics did not enter the Fed’s conversation this weekLabor market is not bad but Fed needs to pay attention to itThis is fairly dovish and should add some confidence that two more cuts are coming this year.
This article was written by Adam Button at investinglive.com.

Source: investinglive.com (Read Full Article)