The US economy has maintained unexpected resilience, supported by strong consumer spending and a healthy labor market with an unemployment rate of 4.1%. Kashkari stated that there is no current wage-price spiral and that businesses have shifted their focus in discussions toward inflation rather than the cost of interest rates.
Tuesday, October 20, 2026
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Fed's Kashkari Admits Peak Interest Rate Is Unknown to Tame Inflation
US Markets19 days ago
Neel Kashkari of the Federal Reserve said on Oct. 1 that he cannot pinpoint the exact level borrowing costs must reach to end current price pressures. The president of the Federal Reserve Bank of Minneapolis noted that five years of supply shocks have complicated the central bank's efforts to tame inflation. He warned that any further rate hikes will create uneven pressure across the US economy, particularly in housing sectors that are already under strain.
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