Two rate cuts ≠ easing cycle! Federal Reserve's Kashkari: If inflation is stickier than expected, we can hit the "pause button" at any time

Minneapolis Federal Reserve President Neel Kashkari stated that the Federal Reserve is expected to initiate two rate cuts this year, with the first possibly in September. However, if progress on inflation management stalls or reverses, the rate-cutting cycle may be paused. He pointed out that tariffs could drive up inflation, and businesses might pass on costs. Although current economic data shows a moderate impact from tariffs, Kashkari emphasized the need to focus on actual inflation and economic data rather than a predetermined path of easing policy