Two Federal Reserve presidents, traditionally opposed in their respective stances, seem to agree on at least one matter concerning the future direction of monetary policy.
Austan Goolsbee, President of the Chicago Federal Reserve, leans toward the so-called "doves."Neel Kashkari, President of the Minneapolis Federal Reserve, is often recognized as a "hawk."
Both economists want more data to determine the Fed's next steps.
Kashkari Believes Policy Is Not Restrictive Enough
Kashkari, in an appearance on CNBC, pointed out that the Fed has increased 10-year real interest rates by approximately 200 basis points since the period before the pandemic.
"This...
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