Minneapolis Federal Reserve President Neel Kashkari said more evidence needs to be shown to prove that inflation is on a downward trend to cut interest rates.
The Federal Reserve held interest rates at a 23-year high last week, keeping rates in a range of 5.25 percent to 5.5 percent. Kashkari said on CBS's "Face the Nation" that they need to see more evidence that inflation is nearing its goal of 2 percent before cutting interest rates.
Brennan asked Kashkari what else he needed to see to support cutting rates...