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.”
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
Contact us: email@example.com
VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.