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Fed’s Kashkari says need ‘stronger medicine’ to boost inflation By Reuters

Fed's Kashkari says need 'stronger medicine' to boost inflation By Reuters


Fed’s Kashkari says need ‘stronger medicine’ to boost inflation By Reuters


By Ann Saphir

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari, one of the U.S. central bank’s most vocal doves, on Thursday repeated his call for a half-percentage-point interest-rate cut to boost sagging inflation expectations.

“We need to do something that kind of shocks the system,” Kashkari said at a town hall in Aberdeen, South Dakota. Bets in financial markets suggest a quarter-point interest-rate cut is the most likely outcome of the Fed’s policy-setting meeting in three weeks. “Let’s give it a little stronger medicine,” Kashkari said.

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