Fed’s Kashkari: any talk of pivot is ‘entirely premature’

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Economy 26 minutes ago (Nov 09, 2022 08:55PM ET)

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Fed's Kashkari: any talk of pivot is 'entirely premature © Reuters. FILE PHOTO: Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis, Minnesota, U.S., January 10, 2020. REUTERS/ Ann Saphir

By Ann Saphir

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said the U.S economy is a “long, long, long way” from where the Fed’s goals of price stability and full employment are in tension, and any talk of pivoting away from tighter monetary policy is “entirely premature.”

Fed’s Kashkari: any talk of pivot is ‘entirely premature’

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John Lakran

John Lakran 9 minutes ago

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A Fire always starts off small but pretty soon the whole forest is on fire and everyone’s focus is on extinguishing it. That’s 2023 when the full effects of the rates that already have been put into place actually show their affects.

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