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Fed’s Kashkari says he sees 7 quarter-point rate hikes this year -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Neel Kashkari (Minneapolis Federal Reserve President) listens during an interview at New York City, U.S.A, March 29, 2019. REUTERS/Shannon Stapleton

By Ann Saphir

(Reuters] – Minneapolis Federal Reserve Bank President Neel Kaschkari stated Thursday that he “dramatically” changed his perception of inflation over six months. This includes seven quarter-point rate hikes for this year, to try and rein it in.

Kashkari stated that “We have to adjust” because the inflation isn’t as short-term as he thought. “The data keep coming in that direction and we have to adjust,” Kashkari said.

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