The FED: Kashkari Goes Full Volcker

In an interview at Milken, FRB Minneapolis President Neel Kashkari lowers the bar for rate hikes, tells market participants to "Sell All Assets", and raises the unemployment rate bar for cuts.

Discussion

Long-time followers of The WOTE will know how closely I have followed Kashkari since the Fed’s tightening program began in earnest in early 2022. People have regularly challenged me on foll…