Fed official Kashkari said on Aug. 5 that the time has come to begin gradually raising interest rates. He would rather act in small steps now than keep waiting, while stressing he is not calling for a sharp increase. BlockBeats reported the remarks.
BlockBeats reported on Aug. 5 that Fed official Kashkari believes the time has come to begin gradually raising interest rates.
He would rather take small steps now than continue waiting. He was equally clear, however, that this does not amount to a call for a sharp rate increase.
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