Fed's Kashkari More Upbeat on Inflation

Neel Kashkari, president of the Minneapolis Fed, shared an optimistic view on inflation, suggesting it is moving in the right direction. He anticipates a slowing economy without a recession, though he acknowledges potential impacts on the labor market, predicting unemployment could rise to 4%. Despite inflation being above the 2% target, the Fed may continue rate hikes if necessary. The labor market remains a focal point, with upcoming jobs and inflation reports influencing future Fed decisions. Investors perceive Fed Chair Jay Powell as dovish, but the possibility of further hikes remains open.

What is Neel Kashkari's outlook on the economy?

• He thinks the economy will grow rapidly.

• He believes the economy will slow but avoid a recession.

• He is uncertain about the economic future.

• He expects a recession.

What is the current concern regarding inflation according to Kashkari?

• Inflation is below the target.

• Inflation is at the target.

• Inflation is not a concern.

• Inflation is still above the target.

What does Kashkari suggest about future rate hikes?

• The Fed may continue to hike rates if needed.

• The Fed will reduce rates.

• The Fed will definitely stop hiking rates.

• The Fed will not change rates.

What is the expected job gain in the upcoming report?

• 150,000

• 100,000

• 250,000

• 200,000

How many jobs need to be added monthly to maintain the current unemployment rate?

• 100,000

• 150,000

• 250,000

• 200,000