With the benefit of hindsight, the 50-basis-point cut in September was a mistake, though not one of great consequence,” said the former treasury secretary and Harvard preside

Kashkari said that the current stance of monetary policy remains restrictive of growth, although by how much is unclear.

Minneapolis Federal Reserve President Neel Kashkari said it appears likely that “further modest reductions” in the central bank’s benchmark interest rate will be appropriate in coming quarters.

U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cuts likely lie ahead for the central bank as the 2% inflation target looms into sight. "As of right now, it appears likely that further modest reductions in our policy rate will be appropriate in the coming quarters to achieve both sides of our mandate,

Minneapolis Fed president Neel Kashkari said it’s 'likely' the central bank will make 'modest' interest rate reductions in the 'coming quarters,' joining colleagues who are arguing for a gradual pace of cuts.

U.S. monetary policy remains restrictive, "though just how restrictive is unclear to me," Minneapolis Fed President Neel Kashkari said on Monday. Inflation has come down, but remains "somewhat above" the Federal Reserve's 2% target.