It's Reasonable to Consider Rate Cut Next Month, Fed's Kashkari Says

By Catarina Saraiva

It's Reasonable to Consider Rate Cut Next Month, Fed's Kashkari Says

Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank's December meeting.

"It's still a reasonable consideration," Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. "Right now, knowing what I know today, still considering a 25-basis-point cut in December -- it's a reasonable debate for us to have."

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