Market inflation expectations remain centered at 2%, and Kashkari stated he has confidence that Chairman Warsh will act to cool prices despite continuing supply shocks. He reiterated that he sees no signs of systemic risk in the financial system and that the Treasury market has continued to function normally even as yields have risen.
Wednesday, October 21, 2026
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Fed's Kashkari Says October Rate Hike Possible After US Economy Outperforms
US Markets19 days ago
Neel Kashkari's September policy projections estimated that interest rates would rise only once more this year and again in 2027. However, the Fed official is now open-minded about a possible hike in October and the overall speed of future borrowing cost increases, noting that the US economy has beat expectations since the last policy meeting. He indicated that the central bank may need to implement more aggressive hikes than originally anticipated if economic performance persists.
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