Federal Reserve Fed Updates 2024: Economists React as Hotter-than-Expected Data Reiterates Conservative Policy Approach
MINNEAPOLIS, MN – Speaking at the University of St. Thomas, Federal Reserve Bank President Neel Kashkari discussed the recent uptick in economic data and its implications for monetary policy. Acknowledging the strong economic growth in the second half of 2023, Kashkari emphasized the need for patience in evaluating the sustainability of this growth and its impact on inflation. Highlighting the unexpected increase in GDP growth, job creation, and consumer price index (CPI) inflation, Kashkari stressed …