Published May 7, 2026, 2:39 PM ET · Updated 6 months ago · 1 source
Fed’s Kashkari Says Next Rate Move Uncertain Because of Iran War
bloomberg
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Original Report
INFERY
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the conflict in the Middle East has introduced uncertainty regarding future interest rate movements. He indicated that a prolonged closure of the Strait of Hormuz could necessitate an increase in rates. Kashkari was among three policymakers who dissented against guidance suggesting a rate cut, advocating instead for flexibility in the next policy action based on economic conditions and inflation concerns.