Fed’s Kashkari: Both political parties want inflation lower

News

Today's news
US
Politics
World
Tech
- Reviews and deals
- Audio
- Computing
- Gaming
- Health
- Home
- Phones
- Science
- TVs
Climate change
Health
Science
2024 election
Originals
- The 360
Newsletters

Life

Health
- COVID-19
- Fall allergies
- Health news
- Mental health
- Relax
- Sexual health
- Studies
- The Unwind
Parenting
- Family health
- So mini ways
Style and beauty
- It Figures
- Unapologetically
Horoscopes
Shopping
- Buying guides
Food
Travel
Autos
Gift ideas
Buying guides

Entertainment

Celebrity
TV
Movies
Music
How to Watch
Interviews
Videos

Finance

My Portfolio
News
- Latest News
- Stock Market
- Originals
- The Morning Brief
- Premium News
- Economics
- Housing
- Earnings
- Tech
- Crypto
- Biden Economy
Markets
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- Futures
- World Indices
- US Treasury Bonds Rates
- Currencies
- Crypto
- Top ETFs
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Sectors
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate
- Technology
- Utilities
Research
- Screeners
- Screeners Beta
- Watchlists
- Calendar
- Stock Comparison
- Advanced Chart
- Currency Converter
- Investment Ideas
- Research Reports
Personal Finance
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Banking
- CD Rates
- Best HYSA
- Best Free Checking
- Student Loans
- Personal Loans
- Insurance
- Car insurance
- Mortgages
- Mortgage Refinancing
- Mortgage Calculator
- Taxes
Videos
- Invest
- Latest News
- Editor's Picks
- Investing Insights
- Trending Stocks
- All Shows
- Morning Brief
- Opening Bid
- Wealth
- ETF Report

Sports

Fantasy
- News
- Fantasy football
- Best Ball
- Pro Pick 'Em
- College Pick 'Em
- Fantasy baseball
- Fantasy hockey
- Fantasy basketball
- Download the app
Daily fantasy
NFL
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Drafts
- Injuries
- Odds
- Super Bowl
- GameChannel
- Videos
MLB
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Odds
- Videos
- World Baseball Classic
NBA
- News
- Draft
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Injuries
- Videos
- Odds
- Playoffs
NHL
- News
- Scores and schedules
- Standings
- Stats
- Teams
- Players
- Odds
- Playoffs
Soccer
- News
- Scores and schedules
- Premier League
- MLS
- NWSL
- Liga MX
- CONCACAF League
- Champions League
- La Liga
- Serie A
- Bundesliga
- Ligue 1
- World Cup
College football
- News
- Scores and schedules
- Standings
- Rankings
- Stats
- Teams
- MMA
- WNBA
- Sportsbook
- NCAAF
- Tennis
- Golf
- NASCAR
- NCAAB
- NCAAW
- Boxing
- USFL
- Cycling
- Motorsports
- Olympics
- Horse racing
- GameChannel
- Rivals
- Newsletters
- Podcasts
- Videos
- RSS
- Jobs
- Help
- World Cup
- More news

New on Yahoo

Creators
Games
Tech

Terms
Privacy
Your Privacy Choices
Feedback

USEnglish
US y LATAMEspañol
AustraliaEnglish
CanadaEnglish
CanadaFrançais
DeutschlandDeutsch
FranceFrançais
香港繁中
MalaysiaEnglish
New ZealandEnglish
SingaporeEnglish
台灣繁中
UKEnglish

News
Finance
Sports
- News
  - Today's news
  - US
  - Politics
  - World
  - Weather
  - Climate change
  - Health
  - Science
  - 2024 election
  - Originals
  - Newsletters
- Life
  - Health
  - Parenting
  - Style and beauty
  - Horoscopes
  - Shopping
  - Food
  - Travel
  - Autos
  - Gift ideas
  - Buying guides
- Entertainment
  - Celebrity
  - TV
  - Movies
  - Music
  - How to watch
  - Interviews
  - Videos
- Finance
  - My portfolio
  - Watchlists
  - Markets
  - News
  - Videos
  - Screeners
  - Personal finance
  - Crypto
  - Industries
- Sports
  - Fantasy
  - NFL
  - NBA
  - MLB
  - NHL
  - College football
  - College basketball
  - Soccer
  - MMA
  - Yahoo Sports AM
- - New on Yahoo
    - Creators
    - Games
    - Tech
  - Selected edition

My Portfolio
News
- Latest News
- Stock Market
- Originals
- The Morning Brief
- Premium News
- Economics
- Housing
- Earnings
- Tech
- Crypto
- Biden Economy
Markets
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- Futures
- World Indices
- US Treasury Bonds Rates
- Currencies
- Crypto
- Top ETFs
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Sectors
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate
- Technology
- Utilities
Research
- Screeners
- Screeners Beta
- Watchlists
- Calendar
- Stock Comparison
- Advanced Chart
- Currency Converter
- Investment Ideas
- Research Reports
Personal Finance
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Banking
- CD Rates
- Best HYSA
- Best Free Checking
- Student Loans
- Personal Loans
- Insurance
- Car insurance
- Mortgages
- Mortgage Refinancing
- Mortgage Calculator
- Taxes
Videos
- Invest
- Latest News
- Editor's Picks
- Investing Insights
- Trending Stocks
- All Shows
- Morning Brief
- Opening Bid
- Wealth
- ETF Report

Upgrade to Premium Fed’s Kashkari: Both political parties want inflation lower Milken Conference 2024 in Beverly Hills · Reuters Reuters Sat, Nov 9, 2024, 9:43 AM 2 min read

WASHINGTON (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower.

"I am not concerned about the dynamics in Washington," following Tuesday's election of Trump, Kashkari said in an interview on Fox News. "Both sides of the aisle want us to keep the economy strong and get inflation down."

"We have made a lot of progress and we want to get the job done," said Kashkari, the first Fed policymaker to speak publicly following the central bank's decision last week to cut the benchmark interest rate by a quarter of a percentage point to a range from 4.5% to 4.75%.

Kashkari did not express a view on further rate reductions as soon as the Fed's December meeting, but noted that recent strong growth and productivity gains might point to the need for higher interest rates than otherwise.

"I have been surprised at how resilient the economy has been," Kashkari said. "If that is sustained and we are in a structurally more productive economy going forward, that tells me we wouldn't end up cutting as far."

Trump's election raised the prospect he would renew the spat he had with Fed chair Jerome Powell over interest rate policy in his initial term, when the president wanted lower interest rates.

But the emphasis has shifted since then to completing the battle against inflation, an issue that was central to Trump's campaign.

"I have a lot of confidence on the structures in place that force us and focus us on doing our economic jobs," Kashkari said. "Everybody wants inflation back down and a strong labor market."

(Reporting by Howard Schneider; Editing by Diane Craft and Daniel Wallis)

Terms and Privacy Policy Your Privacy Choices