Fed’s Kashkari expects another rate hike, depending on the economy

The Straits Times, carrying a Reuters report, says Minneapolis Fed President Neel Kashkari said on September 30 that he expects the central bank to raise rates again, depending on how the economy performs. He said inflation remains too high but monetary policy can bring it back to the Fed’s target. The Fed raised its target rate by a quarter-point in September, to 3.75%–4%.