Fed’s Kashkari: Next Chair Needs to Persuade on Policy
Market Intelligence Analysis
AI-PoweredFederal Reserve Bank of Minneapolis President Neel Kashkari emphasized the importance of persuasion in policy-making, stating that the next Fed chair will need to present strong arguments for interest rates to sway other policymakers.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank’s next chair will have to put forward their best arguments for interest rates to persuade other policymakers. “That person gets one vote and the best argument wins.” Kashkari spoke Wednesday to the Wisconsin Bankers Association during a virtual town hall event. (Source: Bloomberg)
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