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Federal Reserve's “Eagle King” Kashkari: Interest Rates May Stay “For Some Time”
Federal Reserve official Neil Kashkari said that given the uncertainty of the current economy's response to monetary policy, interest rates may need to remain at current levels for a longer period of time. He stressed that inflation trends need to be further observed to determine future policy directions.
On Thursday, the amount of use of the Federal Reserve's overnight reverse repurchase agreement was US$443.779 billion, compared to US$468.344 billion in the previous trading day.
On Thursday, the amount of use of the Federal Reserve's overnight reverse repurchase agreement was US$443.779 billion, compared to US$468.344 billion in the previous trading day.
US CPI data shows that inflationary pressure has weakened, and USD/JPY fell more than 1% intraday
On Wednesday (May 15), the USD/JPY exchange rate fell 1.1% to 154.736 in the US market, then narrowed part of the decline. The yen exchange rate has fluctuated greatly in recent weeks. At the end of April, it fell below 160 for the first time since 1990, then rebounded sharply after two rounds of suspected intervention by the authorities.
The Atlanta Federal Reserve's GDPNow model predicts the US GDP growth rate of 3.8% in the second quarter, compared to 4.2% previously.
The Atlanta Federal Reserve's GDPNow model predicts the US GDP growth rate of 3.8% in the second quarter, compared to 4.2% previously.
Federal Reserve Kashkari said that we may need to keep interest rates at current levels for some more time to figure out where inflation is going. The biggest question now is how restrictive the current policy is.
Federal Reserve Kashkari said that we may need to keep interest rates at current levels for some more time to figure out where inflation is going. The biggest question now is how restrictive the current policy is.
Federal Reserve Kashkari: The Federal Reserve is looking at potential demand in the economy to reduce inflation. More attention is needed to pay more attention to actual inflation. Americans' spending power has exceeded my expectations.
Federal Reserve Kashkari: The Federal Reserve is looking at potential demand in the economy to reduce inflation. More attention is needed to pay more attention to actual inflation. Americans' spending power has exceeded my expectations.