A fighter for low interest rates, Minneapolis Fed chair says U.S. needs two rate increases in 2022

Even Neel Kashkari thinks it’s time to raise interest rates. Since he became president of the Federal Reserve Bank of Minneapolis in 2016, Kashkari has consistently opposed rate increases and became known for holding the most dovish views of the central bank’s policymakers. But amid some of the highest inflation in decades, Kashkari on Tuesday said he supports raising rates this year — but twice, not the three times the Fed signaled on Dec. 15.
Source: Wichita Eagle