Fed’s Kashkari sees one more rate hike this year

Minneapolis Federal Reserve Bank President, Neel Kashkari, said early Tuesday, “I am one of the fed policymakers who sees one more rate hike this year.“

Additional comments

Still more work to do on services inflation.

Fed can definitely get back to 2% inflation.

May need to cut rates if real rates are tightening.

US rates probably have to go a little bit higher, be held there for longer, to cool things off -- remarks made earlier on Monday and now posted on the Minneapolis Fed website.

Falling inflation next year might justify backing off Federal funds rate to stop if from getting tighter.

Balance sheet runoff will continue for the foreseeable future.

Effects of balance sheet runoff may not be fully felt yet.