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Kashkari On Two-Side Risks To 7 Hikes In 2022

FED
  • Kashkari (2023 voter) speaking. He repeats that he's pencilled in 7 hikes in total in 2022. "It could be more, could be less. It will depend on the economic data. If some of these imbalances [] start to sort themselves out in the next few months then maybe we won't need as many. But if they don't and if the high inflation is sustained and there continue to be worker shortages around the country, then we may be we will end up having to do more."
  • He has previously said he sees the neutral rate is likely 2% and might need to get modestly above neutral.
  • FOMC-dated Fed Funds cumulative hikes sitting little changed with 43.5bps for May, 83bps for June and 189bps for Dec meetings.

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