Kashkari expects one more interest rate increase in 2026 and a second hike in 2027. This revised outlook follows his earlier projections in September when he had noted two hikes for the current year. He indicated that a robust economy increases the likelihood of maintaining a tighter policy stance for a longer period.
Wednesday, October 21, 2026
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Kashkari Forecasts One Rate Hike This Year and One in 2027
US Markets20 days ago
Federal Reserve official Kashkari stated the US economy has remained resilient despite recent shocks, noting that consumers are continuing to spend and job seekers are finding employment. This economic strength has led Kashkari to question whether current monetary policy is tight enough and to suggest that the neutral interest rate is likely higher.
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