Neel Kashkari's "Face the Nation" Interview

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Business

Business & Economics

Transcript: Minneapolis Fed president Neel Kashkari on "Face the Nation with Margaret Brennan," April 13, 2025

Summary

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67% Informative

Neel Kashkari is the president of the Federal Reserve Bank of Minneapolis .

He says investors may now be saying America is no longer the most attractive place in the world to invest in the U.S. The Fed 's job is to keep inflation under control and not let it get unanchored, he says.

He adds that markets are searching for where are these trade negotiations going to end up.

All we can do is keep inflation expectations anchored and try to manage some of the ups and downs on that journey, but that destination is up to the executive branch and Congress , not the Fed .

Neel Kashkari: Tariffs push up prices and push down economic activity, and that's a challenging situation because the Fed simply does not have the tools to undo the economic effects of tariffs in a trade war.

The Fed 's job to make sure that it's only a one time adjustment in prices and nothing longer term.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

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not offensive

Hate speech