Neel Kashkari, Interview: Associated Press (print)
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Excerpts from the article are below.
“I had interest rates in September peaking at around 4.9% in the March-April (2023) kind of time frame,” Kashkari said in the interview. “Given what I know right now, I would expect to go higher than that. How much higher than that, I don’t know.”
“Four (three-quarter point hikes) in a row is a lot of tightening in a short period of time,” he said. “At some point it will be appropriate to step down” to a half point and then, at some time afterward, a quarter point, Kashkari added.