Minneapolis Fed president Neel Kashkari says signs "high-pressure" economy may be "cooling"

Neel Kashkari, the Minneapolis Federal Reserve president, tells "Face the Nation" that "it's certainly possible" unemployment will continue to tick up and there will be some economic "cooling" over the next few weeks. "We are looking at what I call a high-pressure economy in some dimensions, but there's also some evidence that it's cooling," he said.
#news #economy #federalreserve
"Face the Nation" is America's premier Sunday morning public affairs program. The broadcast is one of the longest-running news programs in the history of television, having debuted Nov. 7, 1954, on CBS. Every Sunday, "Face the Nation" moderator and CBS News senior foreign affairs correspondent Margaret Brennan welcomes leaders, newsmakers, and experts to a lively round table discussion of current events and the latest news.
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[@Stevierockie]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@Stephenrogzyyy]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@pengily_emi]

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[@SantosCliff]

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[@pengily_emi]

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[@SantosCliff]

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[@manojchowdhary4208]

Can inflation be really contained while annual federal budget deficit is 2 trillion?

[@sdkfz2519]

Yes, it can. Plus, the federal budget deficit was $1.4T in 2022 and $1.65T in 2023. Still huge figures, but not the $2T that you mentioned.

[@prolific1518]

​@@sdkfz2519 Biden won't save you buddy

[@fabuloushostess6171]

No, because there is a 2 year lag. The problems you see now are from money they printed in 2022, etc. So imagine how much interest we will owe in 2026, it will be worse.

[@KW-gs2gp]

LOL. The economic cooling will be a hard economic crash.

[@bitcoindaddy1]

He said he would recommend rate hike last month…they have no clue.

[@KW-gs2gp]

@@bitcoindaddy1 u got that right.

[@robertvanalphen166]

No idea why these guys are always on TV. Is it an ego thing? There is zero reason to do interviews between fed meetings. You aren't celebrities

[@oldhickorys1]

Upper income wealthy are spending more, while the lower incomes are defaulting more debt. “Tax those whom the burden least affects!”

[@LAB-001]

Canada lower their rates because of mortgage delinquencies and credit cards too. people are in trouble. I think US has one billion in mortgage delinquincies too this year if not more. And the prime minister of canada finallh admits inflation is caused by too much government spending. Thats the real solution , not increasing rates

[@bigmoose143]

Why does this guy keep shoeing up in the press and doing more HARM? He talks too much and doesn’t do any good

[@bla-ig4bd]

The Fed never understood lead and lags and that's why we had the problems we had since Volcker - Kashkari shows that he still does not understand leads and lags and therefore, him, Powell and co are about to crash the economy again.

[@SafeEffective-ls2pl]

Maybe that's the plan

[@AR-rn8ok]

Powell wants to crash the economy and then drop rates when Trump takes over.

[@firstlast8258]

Too late for most

[@MiamiCubanGuy]

Great interview

[@miket.8289]

The infinite cash guy!

[@NathanAtkinson590]

Will Imhotep crash the market again?

[@dm66749]

😂

[@EagerInterlocutor]

An economic "strength" with the U.S. public debt at 122% of the GDP? What planet is this guy from???

[@lserranov]

How are they allowed to speak to the media?

[@TylerBecker-d2n]

Ppl r spending on experiences because quality of life sucks

[@handlewithkidgloves]

Bringing back some of the manufacturing from China to aide with the US Supply chains has helped but in the long term the US needs to get better trade policies with China.Get rid of those tariffs that are just driving up the cost of everything.

[@sarahpamula778]

"What do you think of that prediction"? Bright

[@markwiegard8384]

What Neel isn’t mentioning is the immigration effect on healthcare especially since tax payers are bearing the brunt of the cost. Not only just food but rent is soaring. The home inventory is low and projected to be low for the next 10 plus years. To include not being affordable for middle and lower incomes. They’re stuck with high rent and not able to save to buy a home. Having the new labor is great for the higher income earners but it’s just doubling down on middle and lower income citizens to own a home! Bidenomics, working for the upper 1/3 and flipping off the middle class and lower income families.

[@sdkfz2519]

Vast majority of immigrants don't have federal or state healthcare. So, what you wrote is false. As a matter of fact, conservative poor states of "deep south" are taking taxpayers' money to subsidies their social care plans

[@JB-vl2vg]

Smart guy but he sold out - sad

[@markwiegard8384]

Tapped the brakes? You hit the skids on middle to lower class incomes. Losing jobs versus cutting hours and inflation causing credit card usage. The MN Fed isn’t explaining the big picture. I get it, being positive. It just doesn’t pass the smell test

[@TorukMaktoDracarys]

You're blaming the Fire Department aka the fed for Water Damage while the arsonist aka blue 🔵 team is still at large

[@markwiegard8384]

@@TorukMaktoDracarys I agree, that said, the Fed follows the blue team like stink on 💩

[@MinimalistCapitalist]

Yup, they were open about it. They wanted the labor market to be tight. In other words, destroy the negotiating power of workers. This wouldn’t even be necessary to be this tight either if we didn’t deficit spend out of control and monetize the debt.

[@professorprofessorson8795]

Crash incoming

[@sarahpamula778]

#highpressure in some dimensions ? Data collecting like Amazon still, he

[@kikolatulipe]

This guy loves cameras !

[@rickhayes-oh2zm]

3 jobs per person economy is strong. Yet this bum runs the greatest country in the world once interest rates.

[@everythingwave]

Kashkari is s piece of work "poor people hurting, wealthy not so much" He has zero idea what he's doing. Total scam liar.

[@sarahpamula778]

#handgesturemoneyphotovideo ?

[@sarahpamula778]

#DavidBowieHuckabeeBanking ?

[@sarahpamula778]

#communityguidelines

[@orionhauk2968]

The phrase he's leaving out is, "except for the working class" when he talks about good economic numbers. What's good for his 1 % is bad for us 99%.

[@quinnh1398]

​@@thisbarb 😂😂😂😂

[@MinimalistCapitalist]

Monetary inflation and deficit spending benefits anyone rich and is actively destroying the middle class, it’s a tax that is only taken from people that don’t hold assets. It would be really simple to fix what we’re doing here. Make monetization of the debt illegal, and only pay for things with taxes. They’ll never do it though, your life is going to continue to get hard.

[@orionhauk2968]

@@MinimalistCapitalist Do you mean the blue and red dictatorship will never do that? As long as people sit on their hands and say that's just the way it is then that's the way it will be. But independent people are a lot more informed an understand the blue and red corruption and they realize the Federal Reserve needs to be replaced with a Central Bank of the people. Kind of like JFK and RFK wanted to do.

[@orionhauk2968]

@@MinimalistCapitalist Do you mean the blue and red dictatorship will never do that? As long as people sit on their hands and say that's just the way it is then that's the way it will be. But independent people are a lot more informed an understand the blue and red corruption and they realize the Federal Reserve needs to be replaced with a Central Bank of the people

[@chilirasbora]

Chickens for Colonel Sanders Biden 24 😱

[@orionhauk2968]

The Fed controls the blue and red machine it doesn't matter who is in the Congress and POTUS.

[@freestylefranc2653]

lol, that is what there trying for with interest rates to cool markets aka recession🎉😂

[@Sinh499]

This guy is very distasteful. He talked too much and I think he shouldn’t be a fed gov to begin with. He ha ADHD

[@pareshlad7684]

Yes middle class may be broking, may be.

[@SonGoku_dk57]

This man looks like the villain from the movie The Mummy... Scary character👹

[@AR-rn8ok]

So you don’t want to crash the market but you won’t stop squeezing it untill after you get lagging data and it’s too late. 💩 Seems like they’re more political than they claim. Definitely trying to help Trump.🤣

[@sarahpamula778]

Immigrants NEED to eat, they do not just eat....

[@vsync]

look up how many of those jobs have gone to citizens

[@sandybeach3576]

Mr Cash 'n' Carry 😅

[@TylerBecker-d2n]

They going to hold too long guaranteed.

[@Tony-dk1bp]

These guys can't come up with an anti inflation plan that doesn't rely on decimating the least fortunate the most?