Minneapolis Fed’s Kashkari Says Interest Rates Likely Don’t Need Much More Cuts

Minneapolis Federal Reserve President Neel Kashkari said in a CNBC interview that the Federal Reserve is likely close to the point where it does not need to cut interest rates much further. He explained that the central bank’s policy rate is near a neutral level — meaning it neither stimulates nor restricts economic growth — and stressed that the Fed needs more economic data before deciding on future moves. Kashkari highlighted the current trade‑off facing policymakers: determining whether the economy’s bigger challenge is persistent inflation still above the Fed’s 2% target or a cooling labor market with rising unemployment. He suggested that understanding which factor dominates will guide whether rates should remain steady or move in either direction. The Fed has already cut its policy rate several times and is expected to pause further rate reductions while monitoring incoming data. Kashkari’s comments reflect a cautious approach, balancing inflation control with labor market stability. #FederalReserve #InterestRates #NeelKashkari #MonetaryPolicy #SlimScan #GrowthStocks #CANSLIM