U.S. monetary policy is in a holding pattern for now, but the Federal Reserve's next move may well be to cut interest rates given signs the
economy may be weakening, Minneapolis Federal Reserve Bank chief Neel Kashkari told Reuters on Friday.
![Feds on hold but next move may be rate cut, Kashkari says](https://media.zenfs.com/en-US/reuters.com/e290e48407eab04a38687ad2c1a48ab5)
"The fact that job growth appears to be more muted and wage growth is slowing doesn't tell me we are running out of workers, it tells me the underlying economy is slowing," Kashkari said in an interview in his office at his bank's headquarters, citing a report from the U.S. Labor Department earlier in the day.
Kashkari, who rotates into a voting spot on the Fed's policy-setting panel this year, has been among the most dovish of the Fed's 17 policymakers, pushing for steeper rate cuts last year than he and his colleagues actually delivered.