The Latest Breaking News from Neel Kashkari

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

“Not all of these stresses are behind us," warns Minneapolis Fed President Neel Kashkari, the former administrator of the Troubled Asset Relief Program.

The price of frozen lasagna is a great way to measure inflation, according to a Federal Reserve official.

MINNEAPOLIS — One of Neel Kashkari's unofficial barometers of inflation is a big tray of frozen lasagna.

“Why did we miss it?” Minneapolis Federal Reserve president Neel Kashkari wrote in a Wednesday article when discussing the rise of inflation. His answer: “surge pricing inflation.”

The solid U.S. jobs report for October underscores why the Federal Reserve needs to keep raising interest rates higher than it had previously forecast to control inflation, says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis

When interest rates go up, bonds go down. Investors’ expectation that more interest rate hikes are ahead also leads to the selling of fixed-income instruments. 

The Fed's consistent rate hikes have wreaked havoc across markets. However, fundamentally solid stocks Pfizer (PFE) and CVS Health (CVS) survived the market volatility pretty well. While these stocks are good additions to your portfolio, you would have benefited more had you invested in them earlier. Read on….

The Dow Jones fell as Fed official Lisa Cook touted rate hikes. Marijuana stocks such as Tilray jumped on a Joe Biden move. GE stock fell.