Fed's Kashkari Says It's 'Reasonable' to Predict December Rate Cut

Fed's Kashkari Says It's 'Reasonable' to Predict December Rate Cut

From money.usnews.com

Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it. "We need to see more evidence to convince us that inflation is well on our way back down to 2%," Kashkari said in an interview with CBS' "Face the Nation" program. The Fed last week held its benchmark policy rate in the 5.25%-5.50% range, where it has been since last July, to keep continued pressure on the economy so as to cool inflation. It also published projections that showed the median forecast from all 19 U.S. ... (full story)

With two year bond yields at a high, how will it be possible

From some certain point of view, this guy's words are worth a try, just follow the different direction of what he said.

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