Fed's Kashkari says 'now is the time to start slowly moving' rates up
- watch nowMinneapolis Federal Reserve President Neel Kashkari said Wednesday that he thinks higher interest rates are needed now to bring down inflation and avoid more drastic increases later.
- In a CNBC interview, the central bank official called for a gradual approach that could start in September, though he did not commit to a timetable.
- Kashkari was one of three dissenters at last week's Federal Open Market Committee meeting who wanted a quarter percentage point rate hike.
Unverified
- watch nowMinneapolis Federal Reserve President Neel Kashkari said Wednesday that he thinks higher interest rates are needed now to bring down inflation and avoid more drastic increases later.
- In a CNBC interview, the central bank official called for a gradual approach that could start in September, though he did not commit to a timetable.
- Kashkari was one of three dissenters at last week's Federal Open Market Committee meeting who wanted a quarter percentage point rate hike.
Sources: Cnbc