TechFlow, May 26 — According to Jinshi Data, Federal Reserve's Kashkari stated that major shifts in U.S. trade and immigration policies have created uncertainty for Fed officials regarding interest rate moves before September, as the Trump administration continues tariff negotiations with governments of many countries. Kashkari said on Monday: "Everything is possible, but will the situation be clear enough by September? I'm not sure yet. We need to see what the data tells us and how the negotiations progress." He added that if the U.S. reaches trade agreements with other nations in the coming months, "that should provide much of the clarity we are looking for." Broad-based tariffs are believed to have boosted inflation in the U.S., while also dampening economic growth due to reduced business investment and households curbing spending. Kashkari and other central bank officials, including Goolsbee, indicated that the bar for rate cuts in the near term remains high. Kashkari said: "This uncertainty could weigh on economic activity and pose challenges for us, as we are uncertain about how events will unfold, and therefore uncertain about where monetary policy should go."
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