Fed President Kashkari: Immigration Surge Keeps Inflation and Interest Rates Sky-High
Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
President Joe Biden’s policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
President Joe Biden’s migration crisis raises the mortgage rates that burden young couples and families, according to the president of the Federal Reserve Bank of Minneapolis.
If you can slow down the housing market, you can probably slow down the economy and reduce inflation.
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
Fed officials continue to push back against the market’s forecast for an aggressive cutting cycle this year.
It is going to take more than a better finance chief to bring the magic back to Walt Disney Co.
On Tuesday’s broadcast of “CNN This Morning,” Minneapolis Fed President Neel Kashkari stated that we are repeating what we did in 2008 where we made big banks bigger “to preserve near-term financial stability, knowing that it made the problem worse
On Monday’s broadcast of CNBC’s “Squawk Box,” Minneapolis Fed President Neel Kashkari stated that “we keep getting surprised about how high inflation has been, how entrenched it has been, how slow it is coming down,” “services inflation seems pretty darn entrenched”
Federal Reserve officials are working overtime to jawbone the market away from the conviction that the Fed will cut rates several times this year.
The yield curve uninverted on Tuesday morning. The proximate cause seems to be the hawkish inflation-fighting rhetoric now coming from typically “dovish” Fed officials.
Sunday on ABC’s “This Week,” the president of the Federal Reserve Bank of Minneapolis Neel Kashkari said the “worst is yet to come” on unemployment driven by the coronavirus pandemic.
The largest Minnesota teachers’ union is condemning a proposed amendment to the state Constitution that would make a quality public school education for all students a civil right.
Neel Kashkari has become the Federal Reserve’s foremost skeptic of the notion that the U.S. is experiencing a severe labor shortage.
The president of the Federal Reserve Bank of Minnesota, Neel Kashkari, blasted claims of a labor shortage by telling employers they must raise wages.
San Diego’s moderate Republican mayor, Kevin Faulconer, may make a run for Governor of California in 2018 against a tough Democratic field.
Former Republican candidate for California governor and current Federal Reserve Bank of Minnesota President Neel Kashkari gave a speech Feb. 16 advocating doubling-down on Obama’s disastrous Dodd–Frank law, which has made irresponsible “too big to fail” banks much bigger by crushing well-managed community banks.
On Tuesday, Neel T. Kashkari, 42, who ran against California Governor Jerry Brown in 2014 and lost by nearly 20 percentage points, was named the next president of the Federal Reserve Bank of Minneapolis.
When Neel Kashkari made his ill-fated run for governor last year against popular incumbent Democrat Jerry Brown, many thought Kashkari’s real goal was establishing his statewide credentials so that he might challenge for Senate once one of the two long-serving incumbents retired. But Kashkari said this weekend that he would not challenge for the open seat being vacated by Barbara Boxer, according to the Sacramento Bee, meaning that no Republicans have yet declared for the race.
California Republican gubernatorial candidate Neel Kaskari outspent his rival, Gov. Jerry Brown, in last year’s unsuccessful bid for the state’s top job.
Boxer’s likely successor will be a Democrat, with members of that party who could be vying for that slot in no short supply. Yet while it will likely prove to be an uphill battle for Republican candidates, there are a few who might consider taking a stab at the seat. Here is a list of the top contenders.
Former Republican gubernatorial candidate and outgoing California State Assemblyman Tim Donnelly announced in his personal blog this week that he will not be seeking election for U.S. Rep.-elect Steve Knight’s soon-to-be vacated seat in California’s 21st Senate District. The special