Fed's Kashkari: Two rate cuts this year still seem appropriate

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On August 6, Kashkari of the Federal Reserve said: The economy is slowing down, and the Federal Reserve needs to respond to the economic slowdown. It may still be appropriate to start adjusting policy interest rates in the short term. The answer to inflation issues will take some time to become clear, while the data on economic slowdown is evident. It still seems appropriate to cut rates twice this year, but if tariffs cause inflation to rise, the Federal Reserve might pause rate cuts or even raise rates. Adjusting the interest rate policy might be better than waiting. Unemployment rate data is very important, but the Federal Reserve knows that this data could be revised.

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