Kashkari: Fed needs to respond to slowing economy, two cuts this year would be reasonable

WASHINGTON, Aug 6 (Reuters) - The U.S. Federal Reserve may need to cut interest rates in the near term in response to a slowing U.S. economy, even though it remains unclear whether tariffs will continue to push inflation higher, Minneapolis Fed President Neel Kashkari said on Wednesday.

"The economy is slowing, and that means in the near term it may become appropriate to start adjusting," Kashkari said in an interview on CNBC's Squawk Box, adding that two quarter point rate cuts by the end of the year "seems reasonable to me."