Federal Reserve's Kashkari: Expects inflation to continue falling, interest rates may be moderately lowered this year

According to a report by Jin Shi, Federal Reserve official Kashkari stated that the current US economy is strong, business prospects are optimistic, the 4% unemployment rate is the most important data today, and the labor market remains good. He emphasized that the Federal Reserve will continue to push inflation back and is confident that housing inflation will contribute to overall inflation reduction. In addition, he believed that the rise in the yield of the US 10-year treasury bond bond was "not worrying", but the fiscal deficit may have an impact on inflation. In terms of interest rate policy, Kashkari stated that if inflation continues to decline, the Federal Reserve has no reason to keep interest rates unchanged, and expects that "if there are no significant policy changes, interest rates will be moderately lowered by the end of the year compared to now". At the same time, he expressed the need to observe the changes in the US tariff policy.