{"id":1675744,"date":"2022-10-06T11:05:52","date_gmt":"2022-10-06T15:05:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1675744"},"modified":"2022-10-06T11:06:25","modified_gmt":"2022-10-06T15:06:25","slug":"feds-kashkari-quite-a-ways-away-from-pausing-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/feds-kashkari-quite-a-ways-away-from-pausing-rate-hikes\/","title":{"rendered":"Fed\u2019s Kashkari: \u2018quite a ways away\u2019 from pausing rate hikes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffeds-kashkari-quite-a-ways-away-from-pausing-rate-hikes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1675744&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Ann Saphir<\/p>\n<p>(Reuters) \u2013     Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the U.S. central bank has \u201cmore work to do\u201d on bringing down inflation, and is \u201cquite a ways away\u201d from being able to pause its aggressive interest-rate hikes.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cI\u2019m not comfortable saying we are going to pause\u201d until there is evidence that underlying inflation is cooling, Kashkari said at the Bremer Financial Corporation Fall Leadership Conference. There is \u201calmost no evidence\u201d that inflation has peaked, he said.<\/p>\n<p>The Fed has delivered a string of supersized three-quarters-of-a-percentage point interest rate increases to bring down decades-high inflation, and is expected to do so again when it meets early next month. Fed policymakers now anticipate short-term borrowing costs, currently at 3%-3.25%, will rise to 4.6% by early next year. <\/p>\n<p>That steeper-than-expected U.S. rate-hike trajectory has sparked declines in most major currencies against the dollar and added to turmoil in global equity markets already roiled by Russia\u2019s invasion of Ukraine and other risks. <\/p>\n<p>Most other world central banks are also raising interest rates to fight inflation made worse in many cases by the stronger dollar, and some have intervened in their own financial markets to address disclocation amid that policy tightening.<\/p>\n<p>U.S. stocks have also been volatile, with benchmark equity indexes on Thursday dropping further, and Kashkari said he believes there could be some \u201ccracks\u201d in financial markets as investors adjust to the higher rate environment. <\/p>\n<p>But, he said, the bar for the Fed to shift its policy stance to rescue markets here \u201cis very high.\u201d <\/p>\n<p> (Reporting by Ann Saphir)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/feds-kashkari-quite-a\/attachment\/file-photo-minneapolis-federal-reserve-bank-president-neel-kashkari-poses\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI950RK-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI950RK-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ann Saphir (Reuters) \u2013 Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the U.S. central bank has \u201cmore work to do\u201d on bringing down inflation, and is<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1675744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1675744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1675744"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1675744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1675744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1675744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1675744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}