"I have been urging my colleagues: 'Hey let's take it easy,'" Kashkari(pic) said in a town hall in Long Lake, Minnesota, his first public comments after Fed policymakers decided last week to be patient on raising rates any further.
WASHINGTON: The drumbeat for a Federal Reserve interest rate cut is getting louder, with one policy maker calling for a 50 basis point reduction.
Minneapolis Fed president Neel Kashkari said he’d advocated for such a move at the central bank’s June 18-19 meeting, where officials ended leaving rates unchanged.
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