Jennifer Schonberger

Many economists are already scaling back their expectations for the number and pace of rate cuts next year on account of these proposed policies from a new Trump administration.

Jennifer Schonberger · Senior Reporter Tesla ( TSLA ) CEO and vocal Trump backer Elon Musk has signaled support for expanding presidential authority over the Federal Reserve's policy decisions.

Just a week after the 2024 presidential election, the Federal Reserve Bank of Minneapolis president Neel Kashkari joins Yahoo Finance senior Fed reporter Jennifer Schonberger at Yahoo Finance Invest. Kashkari shares his outlook for the future of the economy and what to expect from the Federal Reserve in the future, with a second Trump presidency on the horizon. To see every interview from Yahoo Finance Invest, click here. This post was written by Luke Brooks.

The Federal Reserve might have to rethink another cut at its December meeting if inflation surprises "to the upside" over the next month, Minneapolis Fed president Neel Kashkari told Yahoo Finance.

A red-hot stock market still has “room to run,” but that doesn't make it the best place to put your money right now, according to the co-chief investment officer of the world's largest hedge fund.

Jennifer Schonberger · Senior Reporter The Federal Reserve is expected to cut interest rates in December and continue this recent trend into the New Year with four additional cuts.

The Federal Reserve is expected to cut interest rates in December and continue this recent trend into the New Year with four additional cuts. This isn’t a guarantee, however, according to the president of the Federal Reserve Bank of Minneapolis Neel Kashkari. “We have to see what the data says,” Kashkari tells Yahoo Finance senior Fed reporter Jennifer Schonberger at the 2024 Yahoo Finance Invest. Kashkari and his fellow central bank officials have been surprised by the resilience of the US economy despite the ramp up in rates in recent years, leading him to believe it could reflect a higher neutral rate environment. “If we are in a structurally higher productivity environment, that would tell me we have less room to cut until we eventually get back to neutral, says Kashkari. “I'm not saying we're very close to neutral right now, but when we think about the destination, we may not go down as far.” To see every interview from Yahoo Finance Invest, click here. See the full interview with Neel Kashkari here. This post was written by Luke Brooks.

Federal Reserve Chair Jay Powell said the central bank does not need to be "in a hurry" to lower interest rates due to the economy's strength, and that the Fed would be "watching carefully" to make sure certain inflation measures stay within an acceptance range.

Jay Powell on Thursday once again reinforced his intention to serve out his term as chair of the Federal. Reserve, while making it clear the central bank is not "in a hurry" to lower interest rates.

In an interview with Yahoo Finance, Richmond Fed President Tom Barkin said he expects inflation to continue to cool into 2025, and hinted that the