Fed's Kashkari says 'now is the time to start slowly moving' rates up
However, the other nine voters disagreed, voting to hold the benchmark funds rate in a range between 3.5%-3.75%."Corporate earnings are through the roof. He added that he's not sure what the committee will do at its Sept. 15-16 meeting and said coming data points will be key.
- ▪However, the other nine voters disagreed, voting to hold the benchmark funds rate in a range between 3.5%-3.75%."Corporate earnings are through the roof.
- ▪He added that he's not sure what the committee will do at its Sept.
- ▪15-16 meeting and said coming data points will be key.
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Record
| Original publisher | CNBC |
| Canonical URL | https://www.cnbc.com/2026/08/05/feds-kashkari-says-now-is-the-time-to-start-slowly-moving-rates-up.html |
| Publication time | Wed, 05 Aug 2026 15:24:38 +0000 |
| Retrieval time | 2026-08-05T15:45:41.685Z |
| Last seen | 2026-08-05T15:45:41.685Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | ZmFfNr7bEwwk · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that he thinks higher interest rates are needed now to bring down inflation and avoid more drastic increases later.In a CNBC interview, the central bank official called for a gradual approach that could start in September, though he did not commit to a timetable.Kashkari was one of three dissenters at last week's Federal Open Market Committee meeting who wanted a quarter percentage point rate hike. However, the other nine voters disagreed, voting to hold the benchmark funds rate in a range between 3.5%-3.75%."Corporate earnings are through the roof. They're doing great. The consumer is hanging in there. The labor market is hanging in there.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC.
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