FILE PHOTO: President of the Federal Reserve Bank on Minneapolis Neel Kashkari speaks during an interview in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton/File Photo
July 11, 2019
By Ann Saphir
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari, one of the U.S. central bank’s most vocal doves, on Thursday repeated his call for a half-percentage-point interest-rate cut to boost sagging inflation expectations.
“We need to do something that kind of shocks the system,” Kashkari said at a town hall in Aberdeen, South Dakota. Bets in financial markets suggest a quarter-point interest-rate cut is the most likely outcome of the Fed’s policy-setting meeting in three weeks. “Let’s give it a little stronger medicine,” Kashkari said.
(Reporting by Ann Saphir; editing by Diane Craft)