Minneapolis Federal Reserve President Neel Kashkari has suggested that upcoming US economic data will be a key factor in determining whether the Federal Reserve will implement another interest rate cut in December.
Kashkari, who is not a voting member of the Federal Open Market Committee this year, stated in a CBS "Face The Nation" interview, "The expectation is that we will do another rate cut in December. But we have to wait and see what the data actually looks like before we draw any conclusions." He added, "That's six weeks from now. But I do think another rate cut is certainly possible."
When asked about how the Fed would respond to a combative Trump administration, Kashkari emphasized that the central bank's independence is legally protected... no comment, except: EndTheFed