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Fed’s Neel Kashkari Now Sees Two 2022 Rate Rises Amid Inflation Surge
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Federal Reserve Bank of Minneapolis President Neel Kashkari, who has been one of the central bank’s biggest supporters of providing stimulus to help the economy navigate the coronavirus pandemic, said he now believes more aggressive monetary policy actions will be needed to deal with high inflation.
In an essay posted on the bank’s website, Mr. Kashkari also said he supported the Fed decision last month to accelerate the drawdown of its asset-buying stimulus effort.
“Given...
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