Fed's Kashkari: Expected to raise interest rates again, then keep rates unchanged

Odaily Planet Daily News Minneapolis Federal Reserve President Neel Kashkari said on Monday that given the unexpected resilience of the U.S. economy, the Fed may need to further raise interest rates and keep them high for a period of time to keep the inflation rate down. fell back to 2%. Kashkari is among the officials who believe another rate hike is needed before the end of the year. He also said that if inflation cools as expected next year, the Fed will need to cut interest rates to avoid overtightening policy. But he also said he was surprised at how well consumer spending has held up despite the Fed's rate hikes so far. (Golden Ten)