Fed's Kashkari: Estimate of neutral interest rate modestly raised from 2% to 2.5%

Odaily News Kashkari of the Federal Reserve said that the estimate of the neutral interest rate was moderately raised from 2% to 2.5%. The inverted yield curve does indicate that the policy is tightening, which is difficult to explain the strong economic activity. The "misunderstanding" of the current neutral interest rate by policymakers can explain the current data. (Jinshi)