Federal Reserve's Kashkari: Trump's threats are actually about monetary policy; there is no need for a rate cut in January.

Federal Reserve Chairman Neel Kashkari stated that the Trump administration's actions against the Fed over the past year "are really a monetary policy issue." This comes after the Justice Department launched a criminal investigation into Fed Chairman Jerome Powell. In an interview, Kashkari said, "The escalation of the situation over the past year is really a monetary policy issue. I think the Chairman has explained that very accurately." Kashkari stated that this moment is an opportunity to "explain to our voters and the American people why the Fed's independence is so important to the health and vitality of the American economy." Kashkari also stated, "I don't think there's a need for a rate cut in January," but added that there might be some room for rate cuts later this year, though he said it's "too early" now. (Jinshi)