Fed May Need to Push Policy Rate Above 4.75 Percent: Kashkari

Fed May Need to Push Policy Rate Above 4.75 Percent: Kashkari
President of the Federal Reserve Bank of Minneapolis Neel Kashkari speaks during an interview in New York on March 29, 2019. Shannon Stapleton/Reuters
Reuters
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The Federal Reserve may need to push its benchmark policy rate above 4.75 percent if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday.

“I’ve said publicly that I could easily see us getting into the mid-4%s early next year,” Kashkari said at a panel at the Women Corporate Directors, Minnesota Chapter, in Minneapolis.