Fed's Kashkari wanted rate-cut pause in October, reports Bloomberg News
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Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. REUTERS/David Swanson
(Reuters) -Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next month.
"I can make a case depending on how the data goes to cut, I can make a case to hold, and we’ll have to see," Kashkari told Bloomberg News.
(Reporting by Ann Saphir; Editing by Leslie Adler)
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