Federal Reserve's Kashkari: It will be appropriate to continue raising interest rates at least in the next few meetings

ChainCatcher News, Minneapolis Federal Reserve President Kashkari stated that it would be appropriate to continue raising interest rates at least in the next few meetings until we are confident that inflation has peaked. The Federal Reserve must learn from the lessons of the 1970s and avoid premature rate cuts, and should maintain the target rate. Personal predictions suggest that the terminal rate will be 5.4%. (Source link)