Minneapolis Fed’s Kashkari says bank in wait-and-see mode on tariffs Investing.com -- Minneapolis Federal Reserve Bank President Neel Kashkari said the central bank is taking time to assess how potential tariffs might impact inflation before making policy changes. Speaking to the La Crosse, Wisconsin Area Chamber of Commerce on Tuesday, Kashkari noted that while recent inflation data suggests disinflation is occurring, the Fed needs more clarity about tariffs’ potential effects. "The Federal Reserve has basically been in wait and see mode, saying we need to get more clarity on how this is all playing out in the economy before we are confident on what tariffs are going to do to inflation," Kashkari told the chamber. He added that the central bank is being deliberate in its approach, stating, "We’ve been taking our time to try to get a sense of what’s really going on before we make any dramatic changes in our policy outlook." This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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Neel Kashkari #MinneapolisFed said major shifts in US #trade and #immigration policy are creating #uncertainty for #Fed officials to move on interest rates before Sept, chart @economics
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