Kashkari: Fed should intervene only reluctantly, still needs to squash inflation - CNBC
The Federal Reserve should intervene in markets only reluctantly and in a true emergency, Minneapolis Fed President Neel Kashkari said on Friday in the most explicit comments yet from a Fed official about responding to the volatility that has torn across markets in response to President Donald Trump's tariff barrage. "The Fed or Treasury stepping in should be done reluctantly, should be done when it is only truly needed," said Kashkari, who as a Treasury official during the 2007-09 financial crisis led the Troubled Asset Relief Program. "I think we should be very cautious about taking moves that could demonstrate a weakening, which I don't think is there, to the Fed's commitment to getting inflation down."