MNI China Daily Summary: Friday, April 26

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI BRIEF: Fed's Kashkari Sees 1 or 2 Rate Cuts This Year

(MNI) WASHINGTON

"If the economy is doing very well, maybe it can sustain this rate environment," Minneapolis Fed President says.

USCentral Bank NewsPolicy NewsFederal ReserveHomepageBriefStoryRegionNorth America

Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday his base case includes two interest rate cuts this year, same as his projection in December, but he could mark that down to just one cut by the time the FOMC submits fresh projections later this month.

"If the economy is doing very well, maybe it can sustain this rate environment," he said at a Wall Street Journal forum. Inflation data are key to any decision to cut, he said. (See: MNI INTERVIEW-Fed Could Cut Fewer Than 3 Times In '24-Friedman)

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Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday his base case includes two interest rate cuts this year, same as his projection in December, but he could mark that down to just one cut by the time the FOMC submits fresh projections later this month.

"If the economy is doing very well, maybe it can sustain this rate environment," he said at a Wall Street Journal forum. Inflation data are key to any decision to cut, he said. (See: MNI INTERVIEW-Fed Could Cut Fewer Than 3 Times In '24-Friedman)