Fed's Kashkari: If inflation persists, it will take longer to reach the level needed to lower interest rates
April 11 news, the Fed's Kashkari said in a speech: have not yet seen evidence of rising long-term inflation expectations. Investors may believe that if the trade deficit falls, the United States will be less attractive for investment. The argument that investor preferences shift may be credible. A weaker dollar suggests a shift in investor appetite. I think we are a long way from the market conditions we saw during the New Crown Epidemic, and eventually the ability to manage some of these transitional processes could smooth out some of the imbalances. We can't be sure where yields will eventually stabilise, we can only smooth out that change. the CPI data shows a lot of positive signals, and the impact of the tariffs suggests that inflation will rise again, with the tariffs pushing up inflation and lowering economic activity. The economic outlook depends in large part on how the tariff negotiations progress and how quickly they do so. If the inflation issue continues to drag on, it may take longer to reach the comfortable level needed to lower interest rates. I believe that intervention by the Federal Reserve or the Treasury should be undertaken only as a last resort, and that caution should be exercised in taking measures that might indicate a weakening of the Federal Reserve's commitment to lowering inflation. The Fed has the tools to provide more liquidity.
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