KASHKARI: PRIOR TO WAR HAD SEEN INFLATION LIKELY TO DECLINE AND WARRANT ANOTHER RATE CUT THIS YEAR; SITUATION HAD NOT CHANGED ENOUGH IN MARCH TO MODIFY THE POLICY STATEMENT

2026-05-01

KASHKARI: PRIOR TO WAR HAD SEEN INFLATION LIKELY TO DECLINE AND WARRANT ANOTHER RATE CUT THIS YEAR; SITUATION HAD NOT CHANGED ENOUGH IN MARCH TO MODIFY THE POLICY STATEMENT