Minneapolis Federal Reserve Bank President Neel Kashkari has indicated his expectation for the Fed to reduce interest rates by 50 basis points this year. According to Kashkari, this will be achieved through two separate 25-basis-point cuts. This anticipated action aligns with Kashkari's view that the Fed needs to "take the foot off the brake" to mitigate the risk of an economic downturn. He emphasizes the importance of balancing inflation control with maintaining economic growth. Kashkari's comments are the latest in a series of signals from Fed officials regarding potential rate adjustments in the near future. Market participants will closely monitor the Fed's upcoming policy meetings for further indications on the trajectory of interest rates. ```