US central bank official said there was a need to cut interest rates to help the economy

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — The Federal Reserve is likely to need to cut interest rates and take effective measures to tackle an economic slowdown, Federal Reserve Chairman Neil Kashkari said on Friday.

“We probably need to go ahead with rate cuts to provide more support to the economy,” Kashkari said in an interview with CNN.

“It is much better to be fast and active in responding to a slowdown, rather than being late.”


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