Federal Reserve Kashkari: The economy is very strong and there is no need to rush to cut interest rates. Minneapolis Fed Chairman Kashkari said on Monday that although the benchmark interest rate is currently at its highest level in over 20 years, it has not harmed economic growth. Therefore, policymakers can wait and see for a period of time before deciding whether to cut interest rates. Kashkali posted on the bank's website on the same day, stating, "At least during the post pandemic economic recovery period, neutral policy interest rates have risen, giving the Federal Open Market Committee (FOMC) time to complete an evaluation of economic data before making a decision to cut rates, reducing the risk of excessive policy tightening."