Fed's Kashkari: Now unclear what the future path of monetary policy would be since Iran war
Minneapolis Federal Reserve (Fed) Bank President Neel Kashkari said that it’s unclear what the future path of monetary policy would be since Iran war.
Key quotes
Iran war is clouding inflation outlook.
Now unclear what the future path of monetary policy would be since Iran war.
Premature to conclude we need to be raising rates right away after April PCE inflation data.
Still makes me further pay attention to inflation risk.
Market reaction
As of writing, the US Dollar Index (DXY) trades 0.02% higher to near 99.05.
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