ed's Kashkari on Economic Resilience and Interest Rates
Neel Kashkari, Minneapolis Fed President, suggests modest rate cuts expected over the next few quarters.
The Fed aims to avoid a recession, noting signs of labor market weakness that led to a 50 basis point rate cut.
Resilience in the economy raises the possibility of a higher neutral rate than previously anticipated.
Evidence of significant labor market weakness could lead to faster rate cuts.
Current geopolitical conflicts in the Middle East have not significantly affected oil prices.
