Fed Officials Signal Limited Room for Further Rate Cuts After Hawkish Remarks

Multiple Federal Reserve officials adopted a hawkish stance on Nov. 14, with Minneapolis Fed President Neel Kashkari stating he did not support the October rate cut decision while remaining undecided on December's action, citing stronger-than-expected economic resilience. Fed Governor Adriana Kugler said monetary policy must remain restrictive to bring inflation back to target levels, describing the current period as challenging for the Fed's dual mandate. Richmond Fed President Thomas Barkin noted that space for further monetary easing remains limited, stressing the need for caution while maintaining pressure on above-target inflation and supporting the labor market.