by Wolf Richter
Wolf Street
The stock market didn’t like that at all.
It was Minneapolis Fed President Neel Kashkari’s job today to say out loud what we’ve said here at WOLF STREET in the comments for a while, and what others have said, and what other Fed officials have gotten close to saying with their wait-and-see and in-no-rush lingo, but haven’t yet said:
“If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all,” he said in an interview with Pensions and Investments Magazine. “There’s a lot of momentum in the economy right now.”