Fed’s Kashkari Sees Two More Rate Cuts This Year Due To ‘Sharp’ Increase In Unemployment Risk

Kashkari highlighted a “sharp increase” in risks to unemployment, which warrants action from the FOMC to support the labor market.
Minneapolis Federal Reserve Bank President Neel Kashkari visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on October 11, 2019 in New York City. (Photo by Roy Rochlin/Getty Images)
Minneapolis Federal Reserve Bank President Neel Kashkari visits "Maria Bartiromo's Wall Street" at Fox Business Network Studios on October 11, 2019 in New York City. (Photo by Roy Rochlin/Getty Images)
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Rounak Jain·Stocktwits
Updated Sep 19, 2025 | 7:40 AM GMT-04
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Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he supports the September interest rate cut and expects two additional cuts in 2025.

In an essay published on Friday, Kashkari highlighted a “sharp increase” in risks to unemployment, which warrants action from the Federal Open Market Committee (FOMC) to support the labor market.

Get updates to this developing story directly on Stocktwits.

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