Minneapolis Fed Pres.: Gov't 'Contributed to' Inflation, Inflation 'Sideways', Need 'Many More Months' for Rate Cuts

During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need "many more months of positive inflation data" to get one to two rate cuts and government spending is "one of the factors that has contributed to the high inflation."