🗣️Fed Member Kashkari:

•We have made a lot of progress towards the 2% inflation target.

•I see a 60% chance of a soft landing.

•I am aware that there is no theoretical framework to tell us how much we need to tighten interest rates to return inflation to 2% in a reasonable time.

•In a scenario where the Fed will have to increase interest rates to beat inflation, I foresee the probability of increasing interest rates as 40%.