Summary
- Neel Kashkari of the Federal Reserve said benchmark interest rates should rise gradually to bring down inflation.
- He said he believes now is the time to start raising rates gradually.
- Kashkari stressed that he is not calling for sharp rate hikes and that the goal is to reduce inflation, not slow the economy.
Neel Kashkari of the Federal Reserve said benchmark interest rates should rise gradually to bring down inflation, while making clear he is not calling for a sharp increase.
Walter Bloomberg, an overseas financial news alert account, reported on X on August 5 that Kashkari told CNBC, "I think now is the time to start gradually raising rates."
Kashkari said he was not advocating steep rate hikes. The goal is to lower inflation, not slow the economy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.