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Fed's Kashkari Warns Of December Interest Rate Pause Risk: 'Surprises To The Upside'

Benzinga ·  16:06

Minneapolis Fed PresidentNeel Kashkarisaid Tuesday the Federal Reserve could hold off on an interest rate cut in December if inflation data comes in hotter than expected.

In an interview with Yahoo Finance, Kashkari also shared his views on inflation, the labor market and the potential effects ofDonald Trump's tariffs, throwing in some unexpected perspectives.

Housing Inflation: 'Elephant' In The Room

Kashkari outlined his view of inflation as a multipart beast, with goods prices normalizing but housing inflation still causing headaches.

"Housing inflation is the big elephant that is still out there," he said, noting that new...

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