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Kashkari on Trump's Tariffs and Fed Policy
Minneapolis Federal Reserve President Neel Kashkari discusses the potential inflationary impacts of President Trump's tariff proposals and other economic policies, as well as the Fed's approach to maintaining its independence.
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United States
PoliticsUs PoliticsInflationInternational TradeTariffsTrade WarMonetary Policy
Federal Reserve Bank Of MinneapolisFederal ReserveCbs
Neel KashkariDonald TrumpElon Musk
- What is Neel Kashkari's main concern regarding President Trump's tariff proposals?
- Neel Kashkari, president of the Minneapolis Federal Reserve, expressed concern that President Trump's proposed universal tariffs could worsen inflation if other countries retaliate.
- How does Kashkari address concerns about political influence on the Federal Reserve's decisions?
- Kashkari expressed confidence in the Fed's ability to remain focused on its economic mandates and not be swayed by political pressures or calls for political influence on the Fed's decisions.
- What is Kashkari's view on the long-term impact of one-time tariffs versus a trade war with retaliatory tariffs?
- Kashkari believes that one-time tariffs shouldn't significantly impact inflation in the long run, but a trade war with escalating tariffs from multiple countries is a cause for concern and uncertainty.
- What is Kashkari's outlook on the Federal Reserve's current monetary policy and future interest rate adjustments?
- Kashkari noted that the Federal Reserve has made progress in reducing inflation and expects another interest rate cut in December, depending on the economic data.
- How is the Federal Reserve addressing the uncertainty surrounding the inflationary impact of Trump's other policy proposals, such as immigration policies?
- Regarding Trump's immigration policies, Kashkari stated that the Fed is taking a wait-and-see approach to assess the potential inflationary impact before adjusting its policies.