Fed's Kashkari: No more than 2 rate cuts expected in June economic forecast

Odaily News Kashkari of the Federal Reserve said that it is expected that no more than two rate cuts will be expected in the June economic forecast. Inflation seems to remain stable for some time, and more patience may be needed. The US economy is in good shape, but if the inflation target of 2% is not achieved, it will damage the credibility of the Federal Reserve. It is more likely than raising interest rates that interest rates will be kept at the current level for longer than the public expects. It is not that monetary policy has no impact, but that the impact is not as large as expected, nor as fast as expected. (Jinshi)