Minneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policy

Minneapolis Fed Pres. Kashkari (nonvoting member) is speaking and says:

  • Housing market is proving more resilient to tight monetary policy than it has been in the past
  • Possible that housing market resilience means the neutral rate has been pushed higher at least in the short term
  • inflation progress seen in latter half of 2023 appears to have stalled,
  • The question is whether disinflation is still underway or just taking longer
  • The recent slow GDP due to inventories and net exports, underlying demand remains strong.

Kashkari has been more of a hawk of late.

This article was written by Greg Michalowski at www.forexlive.com. Source