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TechFlow news, according to Cailian Press, Federal Reserve's Kashkari said the resilience of the U.S. housing market is astonishing. We still need to patiently wait until inflation sustainably moves toward 2% before cutting rates, which may not happen until 2025. He added that as political scrutiny intensifies, the Fed is focusing more on its own mandate.
According to Cailian Press, Federal Reserve's Kashkari said the resilience of the U.S. housing market is astonishing, and patience is still needed—interest rates cannot be cut until inflation sustainably moves toward 2%. This could mean waiting until 2025. He added that as political scrutiny intensifies, the Fed is focusing more on its own mandate.
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