Fed Official Is Open to Forgoing June Rate Hike

‘I would object to any kind of declaration that we’re done’ lifting rates, says Minneapolis Fed President Neel Kashkari

Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting to give officials more time to assess the effects of past rate increases and the inflation outlook.

“I’m open to the idea that we can move a little bit more slowly from here,” he said in an interview Friday.

The Fed...