Fed’s Kashkari: Keeping an ‘Open Mind’ on Timing of Rate Hikes

Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank's headquarters in Minneapolis on Jan. 10, 2020. Ann Saphir/Reuters

Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects more clarity on the economic outlook by the time the Fed ends its bond-buying program in mid-2022, and is keeping an “open mind” on the timing of any rate hikes to follow.

“I have not made any decisions about where my stance is on that,” Kashkari said at an event at University of Wisconsin-Eau Claire. Kashkari had previously said he believes the Fed likely ought to wait until 2024 before raising rates from their current near-zero level.